Tencent And UK-Based CDC Group Takes A R1 Billion Bet On TymeBank And Tyme
Patrice Motsepe-backed ARC Investments today announced that TymeBank South Africa (TymeBank) and Tyme Global have completed a $70 million or R1.1 billion Series B capital raise. The capital raise was led by China’s Tencent and CDC Group, the UK’s development finance institution. The investment makes Tencent and…
TymeBank attracts new investors including Tencent
ARC Investments has announced on Tuesday (7 December) that Tyme, including TymeBank South Africa and Tyme Global, completed its Series B Capital Raise with the introduction of two new shareholders. Tyme Global represents the Singapore registered company through which the…
Tencent invests in TymeBank
Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank. CDC Group has also invested, to take the bank’s series-B capital raise to US$180 million (R2.9 billion). The investments from Tencent and CDC are valued at an…
South Africa’s Tyme Bank Raises $180-Million from Tencent & CDC Group
Tyme, one of the fastest-growing digital banking groups globally has successfully secured investments from Tencent and CDC to complete its $180 million Series B capital raise. The investments from Tencent and CDC are pegged at an additional $70 million. Tencent…
Tyme completes $180m capital raise
Tyme, one of the fastest growing digital banking groups globally, has successfully secured investments from Tencent and CDC to complete its $180-million Series B capital raise. The investments from Tencent and CDC are pegged at an additional $70-million. Tencent is…
China’s Tencent invests in TymeBank
Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank. CDC Group has also invested, to take the bank’s series-B capital raise to US$180-million (R2.9-billion). The investments from Tencent and CDC are valued at an additional $70-million, TymeBank…
Tencent, CDC acquire R1.1bn stake in TymeBank
African Rainbow Capital (ARC)-controlled TymeBank has raised R1.1 billion ($70 million) from Chinese internet and technology giant Tencent and CDC Group, the UK’s development finance institution, to scale up operations. The capital raised will fund and grow TymeBank in SA…
Tencent invests in TymeBank
Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank. CDC Group has also invested, to take the bank’s series-B capital raise to US$180 million (R2.9 billion). The investments from Tencent and CDC are valued at an…
