Tyme Group, a Singapore-based provider of digital financial services platforms, raised $250M in series D funding.
The round was led by Nubank, which invested $150M, with M&G Catalyst Fund subscribing for US$50M and existing shareholders with further US$50M.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2019 in South Africa, Tyme Group combines a customer-centric digital platform with physical experiences, delivered in partnership with nationwide retailers through digital kiosks and bank ambassadors. The company specializes in emerging markets populations and, besides South Africa and the Philippines, it has a Global Headquarters in Singapore and a development hub in Vietnam, where it plans to open its next operation.
Tyme launched TymeBank in South Africa in 2019, and its second digital bank, GoTyme Bank, in the Philippines, in partnership with the Gokongwei Group, in October 2022.
FinSMEs
17/12/2024