Financial Services Transaction Brief: Nu Holdings leads South Africa’s Tyme Group $250m Series D at $1.5bn valuation

Transaction Summary

Tyme Group (“Tyme”), a digital banking group operating in South Africa and Southeast Asia, raised $250 million in an oversubscribed Series D round, valuing the company at $1.5 billion. Headquartered in Singapore, Tyme operates hybrid digital banks tailored to emerging markets by leveraging partnerships and low-cost operations. The round was led by Nu Holdings Ltd. (“Nubank”), the largest digital bank in Latin America, who invested $150 million for a 10% stake. The remaining capital came from M&G Catalyst Fund ($50 million), part of UK-based impact investor M&G Investments, while existing shareholders like Tencent, Gokongwei Group, and British International Investments (BII) contributed $50 million. Tyme remains majority-owned by South African billionaire Patrice Motsepe’s African Rainbow Capital (ARC), which holds a 40% stake. This funding takes Tyme’s cumulative raise above $600 million in the past four years and will support the fintech’s expansion into Vietnam and Indonesia. Tyme serves 15 million customers

This story is only available to Premium subscribers Subscribe or sign in to finish reading

Not ready to subscribe? Register to read a selection of free stories

Stears Insights Team

Stears Insights Team

Read Latest

Financial Services Transaction Brief: Rivy Secures $4M Pre-Series A from All On and EchoVC

PREMIUM - 02 APR 2025

Limited Partner Profile: FSD Africa

PREMIUM - 02 APR 2025

Weekly Africa Macro Update: March 24-28, 2025

PREMIUM - 31 MAR 2025

April 2025 Africa Macro Outlook

PREMIUM - 31 MAR 2025

Download our mobile app for a more immersive reading experience

Scan QR code
mobile download