Brazilian digital lender Nubank invests $150 million in Tyme Group-March 2024-www.financetom.com

Brazilian digital lender Nubank invests $150 million in Tyme Group

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Brazilian digital lender Nubank invests $150 million in Tyme Group

Dec 16, 2024 4:00 PM

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)

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