South African bank challenger Tyme to launch in Asia
“South African banking start-up Tyme has raised $110m from investors to expand and launch a digital bank in the Philippines, in one of the biggest fintech investments spanning Africa and Asia. JG Summit, one of the largest family conglomerates in the Philippines, and Apis Partners, the private equity group, will take minority stakes in the bank, as part of a deal announced on Tuesday.”
Originally published on Feb 23 2021. Read the full article on Financial Times.