May 23

Tyme Raises $77.8 Million to Fuel Global Expansion

By Johnstone Kpilaakaa

This comes as the group’s South African flagship, TymeBank, celebrates its seven million customer milestone this month

Along with the two new shareholders – Norrsken22, an African focused tech growth fund, and Blue Earth Capital (“BlueEarth”), an independent global impact investment firm – Tyme’s shareholders have invested a total of $77.8 million, with Tencent increasing its shareholding to become Tyme’s third largest shareholder.

Photo courtesy of Towfiqu barbhuiya.

Source: Benjamin Dada (link opens in a new window)

Finance, Investing
digital finance, financial inclusion, impact investing, innovation