# Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round.

*fintech · news · 2024-12-17 · TechCrunch*

## Key points

- Tyme Group secured $250 million Series D funding, raising its valuation to $1.5 billion.
- Nubank invested $150 million for a 10% stake, marking its first major foray into Africa and Asia.
- Tyme plans to expand banking operations into Vietnam and Indonesia next year.
- Tyme serves 15 million customers and has provided over $600 million in finance to small businesses.
- Patrice Motsepe’s African Rainbow Capital retains a 40% majority stake post-funding round.

**Companies:** Nu Holdings, Tyme Group, Gokongwei Group
**Countries:** South Africa, Philippines, Singapore, Brazil, Mexico, Colombia, Nigeria, India, Vietnam, Indonesia

[Read the full story on TechCrunch](https://techcrunch.com/2024/12/16/nubank-leads-250m-round-in-african-digital-bank-tyme-at-1-5b-valuation/)

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