Timo is Vietnam’s first digital banking platform, established in 2015, that provides customer‑centric digital banking services including eKYC onboarding. The company has positioned itself as the country’s leading digital bank and has pursued a vision of social banking to embed financial services into broader customer lives. In 2019 Timo announced a strategic partnership with Viet Capital Bank to accelerate its growth. The bank emphasizes speeding up onboarding and improving access for the largely unbanked population in Vietnam. Timo highlights continuous innovation and has received industry recognition and awards for its digital banking services. The company is based in Ho Chi Minh City, Vietnam. Timo is a mobile-first digital bank serving Vietnam’s millennials with a branchless banking model and a single physical cafe called the Timo Hangout for KYC and customer onboarding. Since launching earlier in the year it has onboarded about 4,000 customers, demonstrating early consumer demand. The platform operates as a digital front end with a licensed banking partner backend (VPBank). Timo targets city dwellers with smartphones and 3G—an addressable cohort the CEO estimates at roughly 6 million users concentrated in Ho Chi Minh City and Hanoi. The company plans to open a second Hangout in Hanoi in October to expand its physical onboarding presence. CEO and co-founder Claude Spiese, a former software consultant, has lived and worked in Vietnam for 20 years and shaped the product around local consumer behavior.

Total raised

$25M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2022