Digital bank Tyme gains unicorn status with $250m Series D raise [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
The oversubscribed round was led by Brazilian neobank Nubank, which contributed $150m, and helped Tyme Group join the unicorn club. Other participants in the funding round are M&G's Catalyst adding $50m, and existing shareholders contributing an additional $50m. Tyme Group's investor base includes founders, African Rainbow Capital, The Ethos AI Fund, Apis Growth Fund II, The Gokongwei Group, Tencent, British International Investment, Blue Earth, Norrsken 22, and Lavender Hill Capital Partners. Nubank joins as minority shareholder in Tyme Group, which was established in 2019. Nubank founder and CEO David Vélez said: “Since the beginning of Nubank, we have believed that the future of financial services globally is of digitally-native companies. We have met dozens of teams across different geographies, and we think that Tyme Group is extremely well-positioned to be a digital bank leader in Africa and Southeast Asia.” With operations currently in South Africa and the Philippine
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