Tyme has taken funding from Tencent and CDC to close a series B round highlighting the appeal of digital banking in emerging markets.
Singapore-based digital banking network Tyme expanded its series B round to $180m on Tuesday with $70m from internet and gaming group Tencent and development finance institution CDC Group, highlighting the international expansion of digital banking.
The close of the round follows a $110m first tranche in February this year featuring conglomerate Gokongwei Group’s JG Summit Holdings subsidiary and private equity firm Apis Partners’ Apis Growth Fund II.
Founded in 2019, Tyme is building a digital banking network aimed at…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
