Tyme raises $180 million from Tencent, CDC

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Philippine Star

Lawrence Agcaoili – The Philippine Star December 9, 2021 | 12:00am MANILA, Philippines — Tyme, a Singapore-based digital banking company, has secured investments from Tencent and CDC to complete its $180 million fund raising activity to bankroll the company’s digital bank partnership with the Gokongwei Group in the Philippines. Aside from funding GOTyme, which secured a digital banking license from the Bangko Sentral ng Pilipinas (BSP), proceeds of the fund raising activity will be used to fund and grow TymeBank in South Africa. The first part of Tyme’s Series B raise concluded earlier this ye…

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