Vietnamese fintech startup Tima has raised US$3 million in fresh funding and unveiled a partnership with one of the country’s biggest banks.
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Tima will use the series B injection to grow its presence across 63 cities in Vietnam, as well as for tech development and talent recruitment. The company runs an online marketplace for consumer-focused financial services and a peer-to-peer (P2P) lending platform. It claims to have almost 24,000 lenders and 2.13 million borrowers using its P2P service, which is mainly used by borrowers to secure smaller loans for short three-to-six month terms.
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