Tyme Group Secures $250M in Series D, Achieves $1.5B Valuation

The South African-born digital bank plans expansion into Southeast Asia with backing from Nubank and other investors.

Tyme Group raised $250 million in its Series D funding round, exceeding its initial $150 million target and reaching a valuation of $1.5 billion.
Nubank, Latin America's largest digital lender, led the round with a $150 million investment, acquiring a 10% stake in Tyme Group.
Additional contributions came from M&G Catalyst Fund ($50 million) and Tyme's existing shareholders ($50 million).
With 15 million customers across South Africa and the Philippines, Tyme plans to expand into Vietnam and Indonesia in 2025.
Tyme Group aims to become a top three retail bank in South Africa within three years and is targeting a U.S. IPO by 2028, with a secondary listing in Johannesburg.