fintech / news / / TechCrunch
Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round.
Tyme Group secured $250 million Series D funding, raising its valuation to $1.5 billion.
KEY POINTS
- 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
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