Brazilian digital lender Nubank invests $150 million in Tyme Group

Reuters

2024/12/17

SAO PAULO, Dec 16 (Reuters) - Brazilian digital bank Nubank said on Monday it has invested $150 million in Tyme Group, a digital bank with 15 million customers in South Africa and the Philippines.

In a statement, Nubank said Tyme's series D funding round totaled $250 million, with M&G Catalyst Fund subscribing for $50 million and existing shareholders with a further $50 million.

(Reporitng by Andre Romani; Editing by Brendan O'Boyle)

((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))

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In a statement, Nubank said Tyme's series D funding round totaled $250 million, with M&G Catalyst Fund subscribing for $50 million and existing shareholders with a further $50 million.  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