JG Summit Holdings participated in a series B round for the digital banking network and will help it apply for a licence in the Philippines.

Singapore-based digital banking network Tyme secured $110m in a series B round featuring conglomerate JG Summit Holdings and investment manager Apis Partners’ Growth Fund II, e27 reported today.

Tyme is building a digital banking network tailored for emerging markets, and operates as part of South Africa-headquartered digital retail bank TymeBank.

The company intends to use the funding to develop a digital banking operation in JG Summit’s home country, the Philippines, and the companies will work together to try and secure…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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