# Brazilian fintech giant Nubank has invested in Patrice Motsepe’s Tyme Group, in a landmark collaboration. Tyme operates TymeBank in South Africa and GoTyme Bank in the Philippines, boasting rapid growth with over 15-million combined customers. According to reports, Nubank’s 142-billion-rand cash reserves and 100-million customer base positions Tyme for expansion into South East Asia and Africa. TymeBank is now valued at almost 27-billion-rand. Other investors in TymeBank include Chinese giant, Tencent. Motsepe’s African Rainbow Capital Investments has control with its 40-percent stake.
Nubank invests in Tyme Group, driving cross-border growth