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Digital bank Tyme raises US$250 million, led by Brazilian peer Nubank

The funds raised will be used to expand the business further in Vietnam and enter Indonesia

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Benjamin Cher

Benjamin Cher

Published Tue, Dec 17, 2024 · 07:31 AM
    • Coen Jonker, co-founder and chief executive of Tyme, is eyeing a listing on the NYSE, with potential secondary listings in Singapore and South Africa.
    • Coen Jonker, co-founder and chief executive of Tyme, is eyeing a listing on the NYSE, with potential secondary listings in Singapore and South Africa. PHOTO: TYME

    DIGITAL bank Tyme has raised US$250 million in a Series D funding round led by Brazilian digital bank Nubank. The latest round of funding values Tyme at US$1.5 billion, catapulting it into unicorn status.

    Other investors in the round include M&G Investments, the asset management arm of M&G; Tencent; Filipino conglomerate Gokongwei Group; and Blue Earth.

    “That is a significant amount of money for a business our size to ensure that we have the resources needed to expand,” Coen Jonker, co-founder and chief executive officer of Tyme, told The Business Times.

    Digital banking

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