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TymeBank secures R1.5 billion investment

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Tyme’s existing and two new shareholders have invested $77.8 million in the digital banking group.

Digital banking group Tyme has secured two new international investors as part of its pre-series C capital raise launched in January this year.

The funds being raised are intended to further operations in South Africa and the Philippines, for future expansion in Southeast Asia, and a partial share buyback. “We invested in Tyme Group thanks to our long-standing partnership with Apis Partners who look to build on their mission to generate attractive commercial returns alongside key priorities of reduced inequalities and greater financial inclusion,” stated BlueEarth’s funds and co-investments principal David Moore.

 

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