Brazilian digital lender Nubank invests $150 million in Tyme Group

Nu Holdings

16/12/2024 23:38

SAO PAULO, Dec 16 (Reuters) - Brazilian digital bank
Nubank  NU.N  said on Monday it has invested $150 million in
Tyme Group, a digital bank with 15 million customers in South
Africa and the Philippines. 
    In a statement, Nubank said Tyme's series D funding round
totaled $250 million, with M&G Catalyst Fund subscribing for $50
million and existing shareholders with a further $50 million. 

 (Reporitng by Andre Romani; Editing by Brendan O'Boyle)
 ((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))