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Digital bank Tyme gets $150 mn from Brazil's Nubank, enters unicorn club

TMT

18 December, 2024

Digital bank Tyme gets $150 mn from Brazil's Nubank, enters unicorn club

Brazilian digital bank Nubank said on Monday it has invested $150 million in Tyme Group, a Singapore-based digital bank backed by China's Tencent with 15 million customers ......

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South African PE Sanari Capital marks final close of second fund, stops short of hard cap

Finance

16 December, 2024

South African PE Sanari Capital marks final close of second fund, stops short of hard cap

Sanari Capital, a South African private equity firm that focuses on mid-market growth companies in Sub-Saharan Africa, has marked the ......

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Ethos PE spinout Infinite Partners set to acquire fibre infra firms

TMT

22 November, 2024

Ethos PE spinout Infinite Partners set to acquire fibre infra firms

Infinite Partners, a South Africa-based mid-market private equity firm spun out from Ethos PE, is set to acquire a slew ......

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MENA Digest: Prypco leads funding this week; Pargo, invygo, Mala also raise capital

Infrastructure

25 October, 2024

MENA Digest: Prypco leads funding this week; Pargo, invygo, Mala also raise capital

The Middle East and North Africa region saw key funding announcements this week, led by UAE-based proptech startup Prypco, which ......

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RMB Ventures, Capitalworks to monetise 11-year-old consortium deal

Infrastructure

24 October, 2024

RMB Ventures, Capitalworks to monetise 11-year-old consortium deal

RMB Ventures, the private equity arm of Africa’s largest financial services group FirstRand Bank, is likely to exit its over-a-decade-old ......

South African lender Investec opens office in Dubai's financial centre

Finance

26 September, 2024

South African lender Investec opens office in Dubai's financial centre

South African lender Investec has opened an office in the Dubai International Financial Centre (DIFC), it said on Wednesday, in ......

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South Africa's Sanlam PE set for a bolt-on deal to acquire HR platform

TMT

20 September, 2024

South Africa's Sanlam PE set for a bolt-on deal to acquire HR platform

South African financial services firm Sanlam’s private equity arm is set to seal a bolt-on acquisition, with its fintech portfolio ......

South African PE Metier strikes seventh bet from sustainability-focused fund

Infrastructure

17 September, 2024

South African PE Metier strikes seventh bet from sustainability-focused fund

Metier, an Africa-based private equity firm that backs growth-stage companies in Sub-Saharan Africa struck its seventh bet from its renewable energy ......

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South African PE firm Metier set to strike fourth deal from new fund

Consumer

13 September, 2024

South African PE firm Metier set to strike fourth deal from new fund

Metier, a South African private equity firm that backs mid-market companies in Sub-Saharan Africa, is set to acquire a maize ......

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South African PE Summit Africa set to expand healthcare portfolio

Healthcare

04 September, 2024

South African PE Summit Africa set to expand healthcare portfolio

Summit Africa, a South Africa-based alternative investment firm that backs small and medium enterprises across the country, is set to ......