BRIEF-African Rainbow Capital Investments Ltd Announces New Investors In TymeBank SA And Tyme Global

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BRIEF-African Rainbow Capital Investments Ltd Announces New Investors In TymeBank SA And Tyme Global
Credit: © Reuters.

Feb 23 (Reuters) - African Rainbow Capital Investments Ltd AILJ.J :

* JSE: AIL - NEW INVESTORS IN TYMEBANK SOUTH AFRICA AND TYME GLOBAL

* AFRICAN RAINBOW CAPITAL INVESTMENTS-CONTROLLING SHAREHOLDER AFRICAN RAINBOW CAPITAL INTRODUCED NEW SHAREHOLDERS IN TYMEBANK SOUTH AFRICA, TYME GLOBAL

* AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - COMBINED CAPITAL RAISE AMOUNTS TO APPROXIMATELY R1.6 BILLION (US$110 MILLION)

* AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - TWO TRANCHES WITH TRANCHE 1 AMOUNTING TO US$ 80 MILLION AND TRANCHE 2 AMOUNTING TO US$ 30 MILLION

* AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - NEW INVESTORS IN TYME ARE APIS GROWTH FUND II AND JG SUMMIT HOLDINGS

* AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - TYMEBANK CONTINUES TO ONBOARD AN AVERAGE OF 110,000 NEW CUSTOMERS PER MONTH

* AFRICAN RAINBOW CAPITAL INVESTMENTS - APIS HAVING 14.9% SHAREHOLDING AND JG SUMMIT HAVING A 5.13% SHAREHOLDING IN TYME, POST CONCLUSION OF TRANCHE 1

* AFRICAN RAINBOW CAPITAL INVESTMENTS LTD - TYMEBANK WILL REACH 3 MILLION CUSTOMER MILESTONE IN MARCH 2021

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