African digital bank Tyme raises $250M round led by Nubank at $1.5 B appraisal
Tyme Group, a South African fintech, has actually protected $250 million in a Series D round, pressing its assessment to $1.5 billion.
The financing was led by Nu Holdings, which owns Latin America's many important fintech NuBank, investing $150 million for a 10% stake.
M&G Catalyst Fund invested $50 million, while existing investors supplied the staying $50 million.
Established in 2019, Tyme Group runs a hybrid digital banking design that integrates electronic banking with physical service touchpoints.
The Singaporean-headquartered Tyme concentrates on structure and scaling digital banks in emerging markets by using monitoring and cost savings accounts with debit cards, credit by means of buy now, pay later on plans, and cash loan. It states it has 15 million clients throughout ...