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Nubank and Tyme Partner to Expand Market Presence and Achieve $1.5 Billion Valuation
Dec 17, 2024•over 1 year ago
Contract Type
partnership
SingaporeFinancial ServicesSoftwareLending And InvestmentsDescription
Tyme, a digital bank based in South Africa, has achieved unicorn status with a $1.5 billion valuation with the help of Nubank. The $250 million investment in Tyme from Nubank will enable Tyme to expand its market presence and leverage Nubank's expertise in areas such as data analytics, credit risk management, product development, and marketing.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months