Vietnam-based Timo Bank raises $20M led by Square Peg, its first outside funding since its 2015 founding, as it aims to acquire a digital banking license (Deepti Sri/Tech in Asia)

Deepti Sri / Tech in Asia:
Vietnam-based Timo Bank raises $20M led by Square Peg, its first outside funding since its 2015 founding, as it aims to acquire a digital banking license  —  Vietnam-based Timo Bank has raised US$20 million in a fresh financing round led by Square Peg, a VC firm that has invested in unicorns such as Canva, FinAccel, and Airwallex.