Tyme Group, a South African-born fintech working within the African nation and the Philippines, has secured $250 million in a Sequence D spherical, pushing its valuation to $1.5 billion. The funding was led by Nubank, the world’s largest neobank, which invested $150 million for a ten% stake. M&G Catalyst Fund chipped in $50 million, whereas current shareholders supplied the remaining $50 million.
Based in 2019, the Singapore-based Tyme Group operates a hybrid digital banking mannequin that mixes on-line banking with bodily service touchpoints. The corporate, which now serves 15 million prospects, focuses on constructing and scaling digital banks in rising markets. Its South African model, TymeBank, has been a key driver of its progress, whereas GoTyme within the Philippines—launched in 2022 in partnership with native conglomerate Gokongwei Group—marked its entry into Asia. The corporate plans to develop additional into Vietnam subsequent 12 months.
Tyme stays majority-owned by Patrice Motsepe’s African Rainbow Capital (ARC), which retains a 40% stake within the fintech. Final 12 months, the fintech raised $77.8 million in a pre-Sequence C spherical, backed by Tencent, Blue Earth Capital, and Norrsken22.
The newest funding underscores a restoration in investor urge for food for fintech, following a slowdown triggered by rising international rates of interest. Tyme joins Nigeria’s Moniepoint as African fintechs to achieve unicorn standing this 12 months.
