Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Trump seeks to eliminate AI regulations to secure victory in the AI competition, according to NPR.

July 23, 2025

Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

July 23, 2025

The London-based Fintech Platform Secures Significant Funding for Currency Exchange Solutions

July 23, 2025

The field of fintech engineering is a fast-growing profession that values curiosity.

July 23, 2025
Facebook X (Twitter) Instagram
Trending
  • Trump seeks to eliminate AI regulations to secure victory in the AI competition, according to NPR.
  • Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.
  • The London-based Fintech Platform Secures Significant Funding for Currency Exchange Solutions
  • The field of fintech engineering is a fast-growing profession that values curiosity.
  • CSUF Business Graduate Launches Finch Startup
  • How financial services firms leverage agency AI to enhance productivity, efficiency, and security
  • The FRA authorizes Endtech’s expansion and the establishment of three new startups.
  • Finxtex Middle East 2025 offers exclusive opportunities to access fintech markets through a visit to three cities.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025

    Alona Shevtsova emphasizes the importance of connection at the recent London Fintech Club event – London Business News

    July 15, 2025

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025

    Fintech Company Pine Labs Submits Documents to SEBI for IPO Fundraising

    July 4, 2025
  • AI

    Trump seeks to eliminate AI regulations to secure victory in the AI competition, according to NPR.

    July 23, 2025

    How financial services firms leverage agency AI to enhance productivity, efficiency, and security

    July 23, 2025

    The evolution of AI-driven financial content creation and its influence on investment research.

    July 22, 2025

    How AI Developments will Transform Global Financial Services

    July 21, 2025

    Sounds, Explosions, and Hazardous Zones in Safety

    July 21, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Trends in Fintech and Key Safety Considerations

    July 22, 2025

    Market size, share, trends, and business profiles in the Fintech industry

    July 10, 2025

    Overview of the FINCH 2025 Market and Participant Profiles

    July 5, 2025

    Key Trends and Focus Areas in Fintech Payments for 2025

    June 22, 2025

    Overview of the Singapore Fintech Market: Market Size, Trends, and Growth Potential

    June 18, 2025
  • Insights

    Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

    July 23, 2025

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025
  • Rumors

    Fast Track Group refutes $37 million in direct supply allegations and responds to market speculation.

    July 21, 2025

    Pro-Ripple attorney addresses XRP and Circle speculation on TradingView News

    July 19, 2025

    Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis

    July 18, 2025

    The dollar is affected by speculation about Powell in the markets.

    July 17, 2025

    Tesla has announced that the new six-seat YL model will launch in China later this year.

    July 17, 2025
  • Startups

    The London-based Fintech Platform Secures Significant Funding for Currency Exchange Solutions

    July 23, 2025

    CSUF Business Graduate Launches Finch Startup

    July 23, 2025

    The FRA authorizes Endtech’s expansion and the establishment of three new startups.

    July 22, 2025

    Finxtex Middle East 2025 offers exclusive opportunities to access fintech markets through a visit to three cities.

    July 22, 2025

    The co-founder of Monzo and Starling is backing the British fintech company Monet.

    July 22, 2025
  • finjobsly
fintechbits
Home » Brazilian fintech giant invests in South Africa-born Tyme Group – IT News Africa
Jobs Market News

Brazilian fintech giant invests in South Africa-born Tyme Group – IT News Africa

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Tyme Bank.png
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

In a significant move highlighting the value of cross-border collaboration, Brazilian digital banking group Nubank, a NYSE-listed company, today announced its investment in South Africa-born fintech Tyme Group.

The agreementfacilitated by Endeavor’s global entrepreneurial network, shows how curated connections can drive transformative business results.

Tyme, a global digital banking group headquartered in Singapore and backed by Africa Rainbow Capital (ARC) of SA, operates two high-growth digital banks: TymeBank in South Africa and GoTyme Bank in the Philippines. TymeBank, launched in 2019, surpassed 10 million customers with a year-on-year growth rate of 29%, while GoTyme, in partnership with Gokongwei Group, achieved an extraordinary 317% year-on-year growth, accumulating more 4 million customers since its launch in October 2022.

“This partnership between Nubank and Tyme highlights the essence of Endeavor’s mission, which is to connect high-impact entrepreneurs in emerging markets with opportunities that allow them to grow across borders,” said Alison Collier, Managing Director of Endeavor South Africa. “This is an example of how aligning the right partners at the right time can create exponential value.”

Tyme’s relationship with Endeavor began in 2021 when the company joined the Endeavor South Africa network. Initially supported by mutual mentoring, the partnership has evolved to include investments through our global co-investment fund and Endeavor’s Harvest Fund, focused on South Africa. Recently, Tjaart van der Walt, Co-Founder and CEO of TymeBank, joined the Endeavor South Africa Board of Directors to continue supporting the work Endeavor is doing to champion the next generation of entrepreneurs. This was nicknamed the Endeavor “multiplier effect” – practice the philosophy of paying it forward.

Endeavor’s global network was instrumental in connecting Tyme with the Gokongwei Group, a crucial strategic partner for its expansion in the Philippines, among others. Likewise, the introduction to Nubank was facilitated by Endeavor after a meeting at one of its events in New York, where Endeavor is headquartered. This led to direct engagements between the two companies, resulting in an agreement that positions Tyme for future growth in emerging markets.

“The Endeavor network doesn’t just open doors; it brings the right, trusted people into the room,” Collier explained. “This was essential in creating the trust and alignment necessary for a deal of this magnitude.”

With operations spanning Latin America and Europe, Nubank brings substantial resources and expertise to its partnership with Tyme’s complementary presence in Africa and Southeast Asia. The Brazilian fintech giant, which has a customer base of more than 100 million and $8 billion in cash reserves, is well-positioned to accelerate the expansion of Tyme’s operations in its current and new markets.

“This investment represents a major milestone for Tyme and validates its innovative approach to digital banking,” Collier said. “Nubank’s market capitalization of $68 billion is just below South Africa’s total banking sector of $85 billion, including Capitec. The market capitalizations of Nubank and Capitec have increased by more than 70% this year.

The Nubank-Tyme partnership is part of a growing trend within the Endeavor ecosystem. Other recent deals between the Endeavor companies include Turkish fintech Papara’s acquisition of Pakistan’s SadaPay in May 2024, and the merger between Egyptian e-commerce platforms MaxAB and Kenyan Wasoko in August this year.

Endeavor’s global venture fund has made more than 325 investments across 30 countries, with almost a quarter of its portfolio in fintech, including investments in Tyme. The fund has backed 49 unicorns to date, highlighting Endeavor’s ability to identify high-growth companies and foster meaningful connections.

Endeavor South Africa’s Harvest Fund has also played a vital role in supporting local entrepreneurs. Following the success of Harvest Fund II, which invested in 17 companies, Harvest Fund III recently completed its first closing, with plans to invest in up to 30 high-growth South African companies. Harvest Fund II and III invested in Tyme.

The broader impact of these investments extends beyond individual businesses. Each agreement amplifies the entrepreneurial ecosystem, creating jobs and stimulating innovation. Globally, Endeavor entrepreneurs have created more than 4.1 million jobs and generate more than $50 billion in annual revenue.

For investors, the dual due diligence process conducted by Endeavor through its rigorous 18-month selection process and its co-investment partners, helps reduce opportunity risk while the absence of active due diligence fees ensures that the focus remains on long-term value creation. .

“The results speak for themselves,” Collier concluded. “Endeavor’s ability to connect the right people across markets and continents generates transformative deals that not only elevate individual businesses, but also contribute to meaningful economic growth and innovation on a global scale.

As Tyme looks to leverage Nubank’s expertise and resources to grow in its existing markets and expand its presence, the deal is a testament to the power of networks in shaping the future of entrepreneurship.

//Editor

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The field of fintech engineering is a fast-growing profession that values curiosity.

July 23, 2025

DBS Expands Career Coaching Access in Labor Market

July 22, 2025

UCF is readying the future workforce through its Fintech program.

July 17, 2025
Leave A Reply Cancel Reply

Latest news

Trump seeks to eliminate AI regulations to secure victory in the AI competition, according to NPR.

July 23, 2025

Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

July 23, 2025

The London-based Fintech Platform Secures Significant Funding for Currency Exchange Solutions

July 23, 2025
News
  • AI in Finance (1,390)
  • Breaking News (158)
  • Corporate Acquisitions (65)
  • Industry Trends (179)
  • Jobs Market News (294)
  • Market Insights (192)
  • Market Rumors (253)
  • Regulatory Updates (151)
  • Startup News (932)
  • Technology Innovations (155)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,390)
  • Breaking News (158)
  • Corporate Acquisitions (65)
  • Industry Trends (179)
  • Jobs Market News (294)
  • Market Insights (192)
  • Market Rumors (253)
  • Regulatory Updates (151)
  • Startup News (932)
  • Technology Innovations (155)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.