Articles about TymeBank

Multi-billion funding bolsters Tyme Group valuation

The Patrice Motsepe-owned digital banking group is now valued at R26.7 billion after securing R4.4 billion in the latest capital raise, to fuel its next phase of growth.

Motsepe’s TymeBank looks to expand into new markets

TymeBank achieves sustainable profit levels, while GoTymeBank continues to track in line with its key metrics, says ARC.

SA regtech market to hit R5.3bn amid greylisting woes

After SA’s inclusion in the Financial Action Task Force grey list, enhanced compliance is urgently needed, says Research and Markets.

TymeBank reaches 10m customers amid record deposits

The digital bank reaches 10 million customers, with almost R7 billion in customer deposits six years since inception.

Motsepe’s ARC pumps R295m into Rain, TymeBank

African Rainbow Capital makes additional investments in Rain and Tyme Group, of R126 million and R169 million, respectively.

Discovery Bank notches up first 1m clients

The digital bank says it has acquired one million clients, two years ahead of schedule.

TymeBank appoints Karl Westvig as CEO

The digital bank names Karl Westvig as its new CEO, as current CEO Coenraad Jonker is appointed chairman of Tyme Group.

South Africa makes start-up ecosystem inroads

Despite the current political limbo, South Africa comes up in the list of innovation economy winners in the latest global start-up ecosystem rankings.

TymeBank allows cash withdrawals at 172 000 spaza shops

The digital bank partners payments firm Flash to enable cash withdrawals at over 172 000 spaza shops and traders across SA.

TymeBank, running on AWS, proves fully digital banking is profitable, transformative

TymeBank recently achieved a financial sector milestone of reaching profitability in under five years.

Bank Zero goes live with deposit insurance scheme

The digital bank adopts the Reserve Bank’s deposit insurance scheme to protect customers’ deposits of up to R100 000.

Discovery Bank breaks even ahead of plan

The digital bank achieves its target of monthly operational break-even, before acquisition costs, ahead of schedule.