E7: Digital Bank 'Tyme' raises $250M round at $1.5B valuation | Top Startup News
Update: 2024-12-17
Description
Tyme Group, a South African fintech company, secured $250 million in Series D funding, led by Nubank, valuing the company at $1.5 billion. This investment signifies Nubank's strategy to expand beyond Latin America into emerging markets. Tyme, operating a hybrid digital banking model, boasts 15 million customers across South Africa and the Philippines and plans further expansion into Asia.
This podcast episode from "Startup News" reports on this significant funding round and Tyme's future growth plans, including a potential New York IPO.
The investment highlights the growing interest in African fintech companies and their potential for global expansion.
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