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Reading: Digital Banking Dynamo: Tyme Secures $250M in Breakthrough Funding
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Fintech

Digital Banking Dynamo: Tyme Secures $250M in Breakthrough Funding

Rary Maharani
Last updated: December 23, 2024 1:12 am
Rary Maharani
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  • Tyme secures massive funding
  • Nubank backs digital bank
  • Unicorn status achieved in emerging markets

Contents
Nubank Fuels Global Expansion EngineTech Titans Join Financial Innovation ForcesGlobal Vision Meets Local Impact

Nubank Fuels Global Expansion Engine

Tyme Group, the Singapore-based digital banking powerhouse, has rocketed to unicorn status after securing a landmark $250 million Series D funding round.

Led by Brazilian Nubank, the investment propels Tyme’s valuation to $1.5 billion, marking a significant milestone in the company’s ambitious growth strategy.

Tech Titans Join Financial Innovation Forces

The funding round saw Nubank investing $150 million, M&G’s Catalyst contributing $50 million, and existing shareholders adding another $50 million.

This strategic partnership brings together digital banking innovators from Brazil, Singapore, and Africa, positioning Tyme for aggressive expansion across emerging markets.

Global Vision Meets Local Impact

Tyme’s leadership, including CEO Coen Jonker, emphasized the transformative potential of this investment.

The company now serves over 15 million customers across Africa and Southeast Asia, leveraging Nubank’s expertise in digital financial services to drive financial inclusion and technological innovation in underserved markets.

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