South African challenger bank TymeBank raises $77.8M from Norrsken22 and Blue Earth Capital

South African digital banking platform TymeBank has raised $77.8 million in a pre-Series C round led by African-focused growth stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital. TymeBank expects to close its Series C round later this year, it said in a statement.
Tencent, the lead investor in the fintech’s $70 million Series B extension raise in December 2021, participated in this pre-Series C round and increased its stake to become TymeBank’s third-largest shareholder. TymeBank is majority owned by Patrice Motsepe’s African Rainbow Capital (ARC); the South Afric

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