Africa's Newest Unicorn: Tyme Group Makes Waves with Impressive Funding Round

The digital lender Tyme Group, led by South African billionaire Patrice Motsepe, has raised a remarkable $250 million in a funding round. With this successful capital increase, the company joins the rare African unicorns found on the continent. After this financial boost, the bank's valuation is estimated at an impressive $1.5 billion. A key component of this growth is a significant investment of $150 million by Nu Holdings, regarded as the most valuable financial company in Latin America. This development not only highlights the upward trend of digital financial service providers in Africa but also the continued interest of international investors in innovative solutions in the region.