What is Timo?
Timo stands as Vietnam's first digital banking platform, having experienced rapid development over the past six years to become the nation's leading digital bank. The company's success is attributed to its unwavering commitment to continuous innovation and a deeply ingrained customer-centric approach. These core principles have solidified Timo's status as a true digital banking pioneer, actively redefining modern banking services not only within Vietnam but also with an eye toward broader regional impact.
How much funding has Timo raised?
Timo has raised a total of $20M across 1 funding round:
Unspecified
$20M
Unspecified (2022): $20M with participation from FinAccel, Square Peg, Jungle Ventures, and Granite Oak
Key Investors in Timo
FinAccel
FinAccel is an investor participating in the funding round.
Square Peg
Square Peg is a venture capital firm that invests in emerging technology companies across the internet economy in Australia and New Zealand, Southeast Asia, and Israel.
Jungle Ventures
Jungle Ventures is one of Southeast Asia's largest independent venture capital firms based in Singapore, focusing on early and growth-stage startups across B2B and B2C sectors. They aim to form long-term partnerships with founders from concept to IPO, investing across multiple funding rounds.
What's next for Timo?
With this significant infusion of capital, Timo is poised for accelerated growth and further innovation in the competitive digital banking landscape. The strategic investment signals confidence from its backers in Timo's business model and its potential to further disrupt traditional banking structures. Expect Timo to leverage this financing to enhance its technological infrastructure, expand its product offerings, and potentially broaden its market reach, solidifying its leadership in Vietnam's digital finance ecosystem.
See full Timo company page
