SINGAPORE -- Tyme Group, a Singapore-headquartered online lender, has raised $250 million to help fund its expansion in Vietnam and Indonesia, the company announced Tuesday, in one of the largest startup deals this year in Southeast Asia, which has suffered a prolonged startup funding slump.
The fintech company passed the $1 billion threshold to reach unicorn status, with a valuation of $1.5 billion, following the latest funding round led by a $150 million investment from Brazilian Nubank, the largest digital lender in Latin America. Other investors include London-based global asset manager M&G Investments and existing shareholders.
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