Brazilian digital lender Nubank invests $150 million in Tyme Group

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SAO PAULO/JOHANNESBURG (Reuters) -Brazilian digital bank Nubank said on Monday it has invested $150 million in Tyme Group, a Singapore-based digital bank backed by China's Tencent with 15 million customers in South Africa and the Philippines. Having completed its latest investment round, Tyme Group has achieved unicorn status - conferred on startups valued at more than $1 billion - after securing funds giving it a total valuation of $1.5 billion, Tyme said in a separate statement. The funding will help Tyme Group finance its push into Southeast Asia and list by 2028, it said.

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