Tyme Group Becomes Africa’s Latest Unicorn with $250M Boost
- Tyme Group raised $250 million in a Series D funding round.
- Tyme's valuation reached $1.5 billion, making it Africa's ninth unicorn.
- Nu Holdings invested $150 million for a 10% equity stake.
The successful funding round for Tyme Group signifies a positive trend in the African fintech landscape, indicating that international investors are recognizing the potential for growth in this sector. However, the reliance on foreign investment raises questions about the sustainability of local funding sources and the long-term growth of African startups.
