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Stock impact report

Tyme Valued at $1.5 Billion With Backing From Fellow Fintech Nu [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Hong Kong's Expat Party Hub Reshaped by Chinese Influx How California Sees the World, and Itself London's Tube Fares Are Set to Rise by 4.6% Next Year The bank is valued at $1.5 billion after the capital raise, which included a $150 million investment from Latin America's most valuable financial company, Nu Holdings Ltd. “It is a unique vote of confidence in our business by the world leaders in our industry, essentially,” Coenraad Jonker, chief executive officer and co-founder of Tyme, said in an interview with Bloomberg. Nu Holdings's Nubank is the world's biggest standalone digital bank, with over 110 million customers across Brazil, Mexico and Colombia. “They do not have plans to organically grow into Southeast Asia,” said Jonker, and its investment “is really the bet that they are taking as Nubank in Southeast Asia and Africa.” M&G's Catalyst fund also put in $50 million, while existing shareholders invested a further $50 million, Tyme said. Show less Read more
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