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TymeBank reaches unicorn status with $1.5bn valuation

Tyme Group, a digital lender backed by businessman Patrice Motsepe’s African Rainbow Capital, has becomes Africa’s newest unicorn following its successful series D capital raise of $250 million. The funding raise takes Tyme’s valuation to $1.5bn. It also ushers in new investors Nubank and M&G’s Catalyst, with ARC remaining the majority shareholder. To discuss what this means for the group, CNBC Africa is joined by Karl Westvig, CEO, TymeBank.
Tue, 17 Dec 2024 20:01:22 GMT

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