Tyme is building a multi-country digital bank focused on emerging markets in Asia and Africa. We are driven by the conviction that broadening economic participation will unlock human potential. TymeGlobal partners with in-country local partners to launch next-generation digital banks.
Over the years, Tyme has created a disruptive digital banking business model led by retailer integration that solves the challenge of financial services access. We bring our Tyme digital banking platform to emerging market partners, helping them accelerate the deployment of TymeBanks faster, cheaper and with less risk.
The Tyme digital banking platform consists of:
i) Tyme's own end-to-end tech stack for digital banking, purpose-built on the cloud for modularity and cost efficiency
ii) the Tyme brand and product proposition designed for emerging markets
iii) Tyme operating model with tech, data analytics and operational expertise in-country alongside partners in-country
Tyme is based in Hong Kong, Vietnam and South Africa with ~175 employees. Our technology development hub is located in Ho Chi Minh City, Vietnam, and our data science and analytics capabilities are in Johannesburg.
In February 2019, Tyme, in partnership with African Rainbow Capital in South Africa, launched the first TymeBank in South Africa. In its first 12 months, TymeBank has become the fastest-growing greenfield digital bank in the world, acquiring 800,000 customers as of October 2019.
Over the years, Tyme has created a disruptive digital banking business model led by retailer integration that solves the challenge of financial services access. We bring our Tyme digital banking platform to emerging market partners, helping them accelerate the deployment of TymeBanks faster, cheaper and with less risk.
The Tyme digital banking platform consists of:
i) Tyme's own end-to-end tech stack for digital banking, purpose-built on the cloud for modularity and cost efficiency
ii) the Tyme brand and product proposition designed for emerging markets
iii) Tyme operating model with tech, data analytics and operational expertise in-country alongside partners in-country
Tyme is based in Hong Kong, Vietnam and South Africa with ~175 employees. Our technology development hub is located in Ho Chi Minh City, Vietnam, and our data science and analytics capabilities are in Johannesburg.
In February 2019, Tyme, in partnership with African Rainbow Capital in South Africa, launched the first TymeBank in South Africa. In its first 12 months, TymeBank has become the fastest-growing greenfield digital bank in the world, acquiring 800,000 customers as of October 2019.
Location: South Africa, Gauteng, Johannesburg
Employees: 51-200
Phone: +84 28 3824 6276
Total raised: $250M
Founded date: 2012
Funding Rounds 1
Date | Series | Amount | Investors |
17.12.2024 | Series D | $250M | - |
Mentions in press and media 22
Date | Title | Description |
23.12.2024 | Singapore’s Tyme raised $250 M Series D funding from Nubank | The Singapore-based multi-country digital banking group Tyme Group revealed that it had raised $250 million in a Series D funding round, with Brazilian neobank Nubank serving as the lead. In a statement, Tyme stated that Nubank had strategi... |
20.12.2024 | Southeast Asia VC in 2025: Is a breakthrough ahead? | Premium Content It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else. Gen Ping Liu · 13h ago · 6 min readSoutheast Asia VC in 2025: Is a breakthrough ahe... |
20.12.2024 | Digital Banking Firm Tyme Group Becomes Unicorn After $250m Funding | Listen to this article 0:00 / 2:53 1X BeyondWords Singapore-based digital banking firm Tyme Group has successfully raised $250 million in a Series D funding round, elevating the company to unicorn status with a valuation exceeding $1.5 bill... |
20.12.2024 | TymeBank’s big growth plans: Q&A with CEO Karl Westvig | Karl Westvig TymeBank parent, the Patrice Motsepe-controlled Tyme Group, earlier this week announced it had raised US$250-million in a new funding round, turning it into a “unicorn” with a valuation of $1.5-billion, or about R27.5-billion. ... |
18.12.2024 | Tyme Group: A Rising Star in Africa's Fintech Landscape | In the bustling world of fintech, Tyme Group has emerged as a formidable player. Recently, the Singapore-based company raised $250 million in a Series D funding round, catapulting its valuation to $1.5 billion. This milestone marks Tyme as ... |
17.12.2024 | Tyme raises $250 million Series D to become Africa’s ninth unicorn | South Africa’s digital lender Tyme Group has raised $250 million in a Series D round at a $1.5 billion valuation. With the valuation, Tyme becomes Africa’s ninth unicorn, two months after Nigeria’s Moniepoint hit the billion-dollar threshol... |
17.12.2024 | Deals in brief: Alibaba to divest Intime, Tyme Group achieves unicorn status with Nubank-led Series D round, EQT finalizes PropertyGuru acquisition, and more | Alibaba to divest Intime as part of business restructuring Chinese e-commerce giant Alibaba Group has announced the sale of its department store unit, Intime Retail, to a consortium co-led by Youngor Fashion and Intime’s management team for... |
17.12.2024 | Nubank investe mais de R$ 900 milhões em banco digital para entrar nos mercados sul-africano e filipino | O Nubank, uma das maiores plataformas de serviços financeiros digitais do mundo, anunciou um aporte de US$ 150 milhões, mais de R$ 900 milhões na cotação atual, no Tyme Group, um dos bancos digitais que mais cresce globalmente, liderando a ... |
17.12.2024 | Tyme Group Raises $250M in Series D Funding | Tyme Group, a Singapore-based provider of digital financial services platforms, raised $250M in series D funding. The round was led by Nubank, which invested $150M, with M&G Catalyst Fund subscribing for US$50M and existing shareholders... |
17.01.2024 | Singapore's Tyme Group delivers the world's fastest profitable standalone digital bank; over $215m annualised revenue | SINGAPORE, Jan. 17, 2024 /PRNewswire/ -- Singapore-based global digital banking group Tyme has achieved an annualised revenue run rate of SG $215 million in 2023, as its flagship South African operation TymeBank becomes the world's fastest ... |
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