Tyme Group has raised US$250 million in funding, achieving unicorn status with a valuation of US$1.5 billion, with Nubank joining as a strategic investor to enhance its expansion in Southeast Asia.

Information on the Target

Tyme Group is a multi-country digital banking organization headquartered in Singapore, boasting a customer base of over 15 million across Africa and Southeast Asia. It has established significant operations in South Africa and the Philippines, and is poised for expansion into additional markets such as Vietnam and Indonesia. This strategic focus makes Tyme Group a pivotal player in the evolving landscape of digital banking.

Recently, Tyme successfully completed its Series D capital raise, securing a total of US$250 million, thereby achieving unicorn status with a valuation of US$1.5 billion. This funding round was underscored by the participation of notable investors, including Nubank, which led with a substantial US$150 million investment. The entry of Nubank not only enhances Tyme's financial backing but also brings in extensive expertise and resources critical for future growth.

Industry Overview in Southeast Asia

Southeast Asia is experiencing a rapid transformation in the fintech sector, driven by technological advancements and increased smartphone penetration. The region's digital banking market is growing exponentially, fueled by a sign