Singapore digital bank Tyme received 70 million USD, Tencent led the investment
$TENCENT (00700.HK)$ Bloomberg reported on December 7 that Tyme Pte, a digital banking company headquartered in Singapore, received a financing of 70 million US dollars.TencentLead the pitch. The funds raised in this round will be used to increase investment in South Africa and the Philippines.
According to reports, Coen Jonker, chairman and co-founder of Tyme, said in a recent interview that CDC Group, a British development financial institution, also participated in this round of financing. He said most of the money will go to its digital banking in South Africa, and the rest will be used to start news operations in Southeast Asian countries next year.
African Rainbow Capital, owned by South African billionaire Patrice Motsepe, is the company's largest shareholder, with Philippine JG Summit Holding another.
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