Wednesday, 2024 July 24

Vietnam P2P lending firm Tima raises $3m in Series B round, now valued at $20m

Vietnam-based financial services and peer-to-peer (P2P) lending company Tima has secured US$3 million in a Series B round led by Belt Road Capital Management, which it will use to grow its footprint across Vietnam, further develop its technology offerings, and increase hiring efforts, according to E27 today. It’s currently valued at US$20 million.

Founded in 2015, Tima operates two platforms — an online marketplace where consumers can purchase financial services, and a P2P lending platform where people can apply for loans. The firm claims to have more than 23,000 lenders and 2.1 million borrowers, facilitating more than US$1.7 billion in loan transactions.

According to Tech in Asia, Tima’s P2P lending platform runs on a “freemium model” by providing lenders with basic services for no charge, but a suite of additional services for a cut. Such additional services can include disbursement and debt collection.

The firm has developed its own credit scoring system and will be spending more money and effort in expanding data sources. This can be done via partnerships with telecommunication companies, insurance firms, utility providers and so on. It has already established a strategic partnership with VietinBank Insurance Corporation.

Tima had raised its Series A round in December 2016 from Dunearn Capital and G Capital. Tran added in a statement that the firm could potentially go ahead with raising a pre-Series C round right after this latest injection of funds as the company is currently in talks with “several big funds”.


— Vietnam is home to an increasing number of P2P lenders looking to jump on the fintech bandwagon by offering loans to consumers who might otherwise find it challenging to procure such capital. Other Vietnamese online lenders include VayMuon, Lendbiz, and LoanVi.

— The unbanked in particular might not have established credit scores, which deter banks and other financial institutions from lending money to such individuals. However, regulators have yet to come up with a strict framework for this industry to ensure transparency and accountability within fintech companies.

Editor: Nadine Freischlad

KrASIA Connection
KrASIA Connection
KrASIA Connection features translated and adapted high-quality insights published on, the largest and most influential technology portal in Chinese language with over 150 million readers across the globe.

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