GoTyme Bank’s major shareholder Tyme Group achieves unicorn status with major investment from Nubank

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GoTyme Bank’s major shareholder Tyme Group achieves unicorn status with major investment from Nubank - Business Mirror

Quick Summary:

Tyme Group, GoTyme Bank’s major shareholder, welcomes strategic investor Nubank, the world’s most successful digital bank, to fuel the next phase of growth in the Philippines and the rest of Southeast Asia.

Existing shareholders, including the Gokongwei Group, Tencent, British international Investment (BII), Norrsken 22, Blue Earth, Lavender Hill, Ethos Fund, and Africa Fig Tree (Founders and Employees), are investing a further US$50 million.

Having completed its latest investment round, Tyme Group achieved unicorn status after securing a total of US$250 million in new money leading to a post-money valuation of US$1.5 billion.