AFRICAN RAINBOW CAPITAL INVESTMENTS LIMITED - Tyme Group Pte announces US$250m Series D capital raise, Nubank partnership

Tyme Group Pte announces US$250m Series D capital raise, Nubank partnership

African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius)
(Registration number C148430)
JSE and A2X share code: AIL
ISIN: MU0553S00000
("ARC Investments" or "the Company")

Tyme Group Pte announces US$250m Series D capital raise, Nubank partnership

Tyme Group Pte ("Tyme Group") today announced the successful completion of a US$250 million
Series D funding round for a total valuation of US$1.5 billion. This investment underscores Tyme
Group's significant growth trajectory and potential to become a leading digital bank in Africa and
Southeast Asia.

The oversubscribed funding round was led by Nubank, a global digital banking leader, which invested
US$150 million. M&G Catalyst Fund contributed US$50 million, with the remaining US$50 million coming
from existing shareholders, including African Rainbow Capital Financial Services Holdings (Pty) Ltd. 
This capital infusion will enable Tyme Group to accelerate its expansion plans, enhance its technology
platform, and strengthen its position in key markets. The funding will also support Tyme Group's
ambition to become a top three retail bank in South Africa within the next three years and pave
the way for a potential stock exchange listing by 2028.

Patrice Motsepe, Chairperson of African Rainbow Capital (Pty) Ltd, commented that "as a long-term
strategic shareholder in Tyme Group, we enthusiastically welcome the partnership with leading global
digital bank NuBank, as we are convinced this will lead to an even higher and significantly accelerated
growth trajectory for the multi-country Tyme Group."

Tyme Group's flagship bank in South Africa, TymeBank, has experienced rapid growth since its inception, 
driven by its innovative digital banking solutions and strong customer focus. This latest milestone
reinforces Tyme Group's position as a leading player in the African digital banking landscape.

Disclaimer

The financial information on which this announcement is based has not been reviewed or reported on
by the Company's external auditors.


Ebene, Mauritius (with simultaneous circulation in Johannesburg)
17 December 2024

For further information please contact:
Company Secretary
Intercontinental Trust Limited
Tel: +230 430 0800

JSE Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

Date: 17-12-2024 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.