Nubank leads $250M round in African digital bank Tyme at $1.5B valuation

Quick Summary:

Tyme Group, a South African-born fintech operating in the African country and the Philippines, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion.

The funding was led by Nu Holdings (which owns NuBank), Latin America’s most valuable fintech, which invested $150 million for a 10% stake.

The company, which now serves 15 million customers, focuses on building and scaling digital banks in emerging markets.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesBrazilColombiaIndiaIndonesiaMexicoNigerNigeriaPhilippinesSingaporeSouth AfricaVietnam

Topics: TymeBank Fintech Nubank Tyme

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 06:07:08 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 295 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24493001

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