Here’s the latest unicorn. It’s Tyme Group! They’re a multi-country digital bank group across Southeast Asia and Africa. 

Now, they’ve just raised $250M in a Series D round, taking them to a $1.5B valuation. 

• They’re the parent company of GoTyme Bank, one of the leading Philippine digital banks.
• Across the Group, Tyme now serves over 15M customers in South Africa and the Philippines.

Investor check. Nubank led the round, investing $150M for a 10% stake. 

• M&G’s Catalyst Fund subscribing for $50M.
• Existing shareholders, including the Gokongwei Group, Tencent, British international Investment (BII), Norrsken 22, Blue Earth, Lavender Hill, Ethos Fund, and Africa Fig Tree (Founders and Employees), are investing a further $50M.

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🏦 What they do

Tyme focuses on serving consumers and SMEs in emerging markets.

They started with TymeBank in South Africa and launched their second digital bank, GoTyme Bank in the Philippines in October 2022.

• GoTyme Bank was launched in partnership with Philippine conglomerate Gokongwei Group.
• They’re headquartered in Singapore with a tech and product development hub in Vietnam.
• Their offerings include checking and savings accounts with debit cards, credit through BNPL, and cash advances.

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✈️ Tyme for more

Tyme plans to IPO in New York by 2028 and are keen on a secondary listing in South Africa.

See you soon. They’ll also be expanding into Vietnam and Indonesia!