Tyme Bank Limited announced that it has received $180 million in funding from CDC Group plc, JG Summit Holdings, Inc., Tencent Holdings Ltd., Investment Arm, Apis Partners LLP, ARC Financial Services Limited
December 06, 2021
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On December 7, 2021, Tyme Bank Limited closed the transaction. The company amended the terms of the transaction. The company now raised additional $70 million in its final tranche from new investors Tencent Holdings Ltd., Investment Arm and CDC Group plc.
The company has raised $180 million in the transaction.
JG Summit Holdings, Inc. is a holding company for a group of companies with substantial business interests in branded consumer foods, agro-industrial and commodity food products, real estate and hotel, air transportation, banking and financial services, and petrochemicals. It also has core investments in telecommunications and power generation and distribution. The Foods, Agro-Industrial and Commodities businesses segment is engaged in manufacturing and distribution of a diverse mix of salty snacks, chocolates, candies, biscuits, bakery products, beverages and others. The Air Transportation segment include air transport services, both domestic and international, for passengers and cargos, and line and light maintenance services. The Petrochemicals segment is a manufacturer of polyethylene (PE), polypropylene (PP), polymer grade ethylene, polymer grade propylene, partially hydrogenated pyrolysis gasoline, pyrolysis fuel oil, aromatics, butadiene and liquefied petroleum gas (LPG).
Tyme Bank Limited announced that it has received $180 million in funding from CDC Group plc, JG Summit Holdings, Inc., Tencent Holdings Ltd., Investment Arm, Apis Partners LLP, ARC Financial Services Limited
JG SUMMIT HOLDINGS, INC. 
