Investment Summary

Nubank Invests In Tyme

On December 16, 2024, Nubank invested in financial services company Tyme

Investment Highlights
  • This is Nubank’s 2nd transaction in the Financial Services sector.
  • This is Nubank’s 1st transaction in Singapore.

Investment Summary

Date 2024-12-16
Target Tyme
Sector Financial Services
Investor(s) Nubank
Deal Type Stake Purchase

Target

Tyme

Singapore, Singapore
Tyme is a multi-country digital banking group, focused on serving consumers and SMEs in emerging markets. Tyme was founded in 2019 and is based in Singapore.

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Investor(S) 1

Investor

Nubank

São Paulo, Brazil

Category Company
Founded 2013
Sector Financial Services
DESCRIPTION

Nubank is the largest independent digital bank with around 30 million customers. Nubank launched its first product in 2014, a credit card with no annual fee managed entirely by a mobile app. Nubank also launched its benefits program, Nubank Rewards, and its digital account, currently used by 26 million Brazilians. Nubank was founded in 2013 and is based in São Paulo, Brazil.


DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 2 of 2
Type (Stake Purchase) 1 of 1
Country (Singapore) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Hyperplane

Palo Alto, California, United States

Hyperplane is a data intelligence company that enables financial institutions to train, evaluate, and deploy self-supervised, deep-learning models on first-party data for decision-making. The company's platform is a central hub, allowing customers to train hundreds of bespoke models across various business domains such as risk, collections, and marketing. Hyperplane was formed in 2022 and is based in Palo Alto, California.

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