Deal 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
