
Tyme Group, a digital lender with operations in South Africa and the Philippines, has raised $250 million in a Series D funding round, achieving a valuation of $1.5 billion and earning the status of a unicorn. The round was led by Nubank, a Brazilian fintech, which invested $150 million for a 10% stake. Additional funding came from M&G Catalyst Fund with $50 million and existing shareholders contributing another $50 million. Tyme Group, founded in 2019, serves 15 million customers through its hybrid digital banking model, combining online services with physical touchpoints. The company plans to expand into Vietnam and Indonesia in the coming year. TymeBank, its South African brand, has been pivotal to its growth, while GoTyme in the Philippines marks its Asian expansion. The fintech has raised over $400 million in customer deposits and extended over $600 million in finance to small businesses across its markets. Patrice Motsepe's African Rainbow Capital (ARC) remains the majority shareholder with a 40% stake. Nubank's CEO David Vélez expressed enthusiasm about Tyme's potential to become a digital bank leader in Africa and Southeast Asia.

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