News Formal

TymeBank secures R1.5 billion investment

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Unaware of funding agreement' - Herman Mashaba's biography pulled from market | The CitizenJonathan Ball Publishers, the publisher of ActionSA leader HermanMashaba’s “unauthorised” biography, has pulled the book from the market. 📘📗📘 TheCitizenNews Here's why ⬇️
Source: TheCitizen_News - 🏆 6. / 75 Read more »