Hanno Labuschagne

Journalist
Staff member
Joined
Sep 2, 2019
Messages
5,600
Reaction score
3,889
Tyme Group valuation hits $1.5 billion

Tyme Group, a digital lender controlled by South African billionaire Patrice Motsepe, raised $250 million (R4.47 billion) in a funding round that made it one of Africa’s few unicorns.

The bank is valued at $1.5 billion (R26.79 billion) after the capital raise, which included a $150 million investment from Latin America’s most valuable financial company, Nu Holdings Ltd.

[Bloomberg]
 
Top
Sign up to the MyBroadband newsletter