Tyme raises $250 million Series D to become Africa’s ninth unicorn

South Africa’s digital lender Tyme Group has raised $250 million in a Series D round at a $1.5 billion valuation. With the valuation, Tyme becomes Africa’s ninth unicorn, two months after Nigeria’s Moniepoint hit the billion-dollar threshold. Tyme plans for an initial public offering by the end of 2028.

The funding round was led by Nu Holdings, the parent company of Nu Bank, Latin…