CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Belt Road Capital invests US$3 million in Vietnamese P2P lending platform Tima
Ngoc Mai 17:25, 2018/10/02
The latest investment brings the company`s valuation at US$20 million.
Belt Road Capital Management (BRCM), a Greater Mekong-focused private equity fund, has invested US$3 million in a Series B funding round of Tima, a Vietnamese financial marketplace and peer-to-peer (P2P) lending platform, local media reported.
 
Overview of the signing ceremony. Source: Tima.
Overview of the signing ceremony. Source: Tima.
The latest investment brings the company's valuation at US$20 million. This is the first investment by the Cambodia-headquartered fund manager in Vietnam. 

Founded in 2015, Tima raised a series A round in 2016 from Dunearn Singapore Fund and G Capital. 

Proceeds from the Series B round will be used for their growth in 63 cities in Vietnam, technology enhancement and talent acquisition, Tima said in a statement. 

As part of the investment, Witt Gatchell, senior investment manager of BRCM, will join Tima's board of directors. 

"While the sector is new to Vietnam, it is well developed in other markets. With Tima's strong management team and presence in the market we believe that the company has tremendous opportunity for growth," Gatchell said in an official press statement. 

Though enjoying exponential growth over the last few years with US$47.84 billion in outstanding consumer loans as of end-2017 according to data from the Banking Strategy Institute under the State Bank of Vietnam and StoxPlus, the consumer finance market in Vietnam is still behind other regional peers and has room for development.

"We received higher demand from top financial investors and strategic investors in this round. We may have a pre-series C funding round right after this Series B, our Board is considering this proposal from several big funds and open to investors who can add value to the company for our growth and expansion," Tima co-founder and Board member Cong Tran said. 

The company says it has 23,775 lenders and over two million borrowers on its platform. In order to soothe the concern over P2P lending risks, Tima has partnered with Vietnam's second largest bank's insurance arm VietinBank Insurance Corporation to secure the transactions. 

In addition to its investment in Tima, BRCM has also invested in Asia-based mobility virtual network provider Unnitel, Australia-based property portal Digital Classifieds Group, Myanmar-based travel and taxi company Oway Group, and Cambodian digital publishing and entertainment group Sabay Digital.
Comments
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.