GoTyme's JV backers re-up, months after Tyme's $250M Series D
What's the deal? GoTyme BankDealroom has a profile for this one. Try Dealroom → has secured fresh growth equity from its joint-venture partners JG Summit HoldingsDealroom has a profile for this one. Try Dealroom → and Tyme Investments, the Philippine digital bank confirmed in July 2026. The infusion follows a $10.4 million capital injection in April last year.
Why now? The raise lands shortly after parent Tyme Group closed an oversubscribed $250 million Series D led by Brazil's Nubank, which valued the group at $1.5 billion. That round explicitly earmarked funds and expertise for GoTyme in the Philippines and TymeBank in South Africa.
What's the endgame? GoTyme is building a challenger bank aimed at financial inclusion. Its shareholder base has widened: in January 2024, Bank of the Philippine IslandsDealroom has a profile for this one. Try Dealroom → took a 20% minority stake via its merger with Robinsons Bank, joining the Gokongwei Group and Tyme.
What could go wrong? Growth has come at a cost. GoTyme reportedly doubled deposits and reached multi-million customer numbers, but booked roughly ₱2.5–3 billion in losses in 2023, its first full year of operations.
That underscores how capital-intensive Philippine digital banking is at scale.
The signal: The quick re-raise confirms that GoTyme's sponsors and new strategic backers remain committed despite steep early losses. Nubank's entry as lead investor brings a track record of profitable digital banking and lending analytics, hinting at a shift beyond pure customer acquisition toward credit and monetisation — positioning GoTyme among the best-capitalised challengers in the Philippine market.
Read more: dealstreetasia.com
