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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]
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]