Tymebank Raises USD 250 M, Becomes Africa’s Latest Unicorn

South Africa’s digital banking platform Tymebank has raised USD 250 M in a Series D funding round, securing a valuation of USD 1.5 B and achieving unicorn status. This milestone comes a month after Nigeria’s Moniepoint entered the unicorn category.

The funding round was led by Nu Holdings Ltd. (Nu) with an investment of USD 150 M, while the M&G Catalyst Fund and other existing shareholders contributed USD 50 M each. As part of its international growth strategy, the capital will fuel Tyme’s expansion into Southeast Asia, particularly in Vietnam and Indonesia.

With this USD 250 M Series D, Tyme Group’s total funding now exceeds USD 600 M. The company’s rise reflects its growing footprint and ability to scale digital banking solutions across emerging markets.