Relative newcomer TymeBank has been crowned News24 Bank of the Year. Acknowledging the relatively brief length of time the bank has been operating, CEO and co-founder Coen Jonker said the team had worked to succeed against the odds. “If you

SIMON BROWN: I’m chatting in now with Chantal Marx, head of research at FNB Wealth and Investments. Chantal, I appreciate the early morning. You’ve put out a list of five local and five offshore stocks you like. Let’s stick to the

African Rainbow Capital (ARC) saw a significant increase in the company’s intrinsic value in the 2023 financial year and completed acquisitions of almost R2 billion. However, the company’s debt also skyrocketed by over 50% in the period. ARC released its

Salary advance delivers significant benefits for cash-strapped employees TymeBank, South Africa’s fastest-growing digital bank, is helping South African businesses reduce their employees’ financial stress with TymeAdvance, a zero-interest solution that gives staff early access to their earned salary, while protecting

South Africans have three banks to choose from that don’t require visiting a branch to open an account or perform a variety of everyday transactions — Bank Zero, Discovery Bank, and TymeBank. MyBroadband compared these banks’ prices and user experiences

TymeBank is helping South African businesses reduce their employees’ financial stress with TymeAdvance, a zero-interest solution that gives staff early access to their earned salary, while protecting them from expensive debt. “Consumers are having a tough time making ends meet,

Johannesburg 20 September 2022 – TymeBank, South Africa’s fastest-growing digital bank, is helping South African businesses reduce their employees’ financial stress with TymeAdvance, a zero-interest solution that gives staff early access to their earned salary, while protecting them from expensive debt.

FIFI PETERS: African Rainbow Capital, the investment firm founded by Patrice Motsepe, released its annual results today. The company, which has investments in a wide range of sectors such as telecommunications, mining, agriculture and financial services, tripled its cash in the year to

Digital bank TymeBank disclosed on Friday that it is sustaining the momentum of acquiring about 130 000 customers per month. African Rainbow Capital (ARC) said in an update to investors that TymeBank is also making headway in increasing the number

African Rainbow Capital (ARC)-controlled TymeBank has set October as the launch month of its full-scale digital bank in the Philippines, to fire up its global expansion. The investment holding company, founded by business magnate Patrice Motsepe and the digital bank’s

TymeBank has joined forces with the National HealthCare Group to launch medical health insurance, priced as little as R139 per person. According to the Council of Medical, Schemes statistics show that just 8,9 million South Africans are covered by a

 

TymeBank, one of the world’s fastest growing digital banks, has partnered with National HealthCare Group to bring quality, affordable medical insurance to consumers, through the launch of TymeHealth, an app-based offering that provides medical insurance for as little as R139 a

TymeBank, one of the world’s fastest growing digital banks, has partnered with National HealthCare Group to bring quality, affordable medical insurance to consumers, through the launch of TymeHealth, an app-based offering that provides medical insurance for as little as R139

Digital bank TymeBank has launched its first credit card as part of a growing push to attract more middle-income customers. The Visa credit card is being offered in partnership with RCS and is part of the bank’s intent to diversify

TymeBank has launched its first credit card. The bank says it is responding to customer demand and that the launch comes as it expands its offering with products that cater to different financial needs and life stages. “The launch of

Digital bank TymeBank has launched its first credit card as part of a growing push to attract more middle-income customers. The Visa credit card is being offered in partnership with RCS and is part of the bank’s intent to diversify

Johannesburg, 03 February 2022: TymeBank, one of the world’s fastest growing digital banks, has officially launched its first credit card in response to ongoing customer demand. This comes as the bank continues to expand its offering with products that cater

 

Johannesburg 26 January 2022: Transaction charges at TymeBank, South Africa’s leading digital challenger bank, are significantly lower than what customers of the big five traditional banks are paying.  This is evidenced in the annual Solidarity Research Institute (SRI) 2022 Bank Charges

Tymebank controlled by Patrice Motsepe’s African Rainbow Capital recently received the backing of Chinese internet giant Tencents as a funder and new shareholder. Int: ceo : TymeBank : Tauriq Keraan

Patrice Motsepe-backed ARC Investments today announced that TymeBank South Africa (TymeBank) and Tyme Global have completed a $70 million or R1.1 billion Series B capital raise. The capital raise was led by China’s Tencent and CDC Group, the UK’s development finance institution. The investment makes  Tencent and

ARC Investments has announced on Tuesday (7 December) that Tyme, including TymeBank South Africa and Tyme Global, completed its Series B Capital Raise with the introduction of two new shareholders. Tyme Global represents the Singapore registered company through which the

Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank. CDC Group has also invested, to take the bank’s series-B capital raise to US$180 million (R2.9 billion). The investments from Tencent and CDC are valued at an

Tyme, one of the fastest growing digital banking groups globally, has successfully secured investments from Tencent and CDC to complete its $180-million Series B capital raise. The investments from Tencent and CDC are pegged at an additional $70-million. Tencent is

Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank. CDC Group has also invested, to take the bank’s series-B capital raise to US$180-million (R2.9-billion). The investments from Tencent and CDC are valued at an additional $70-million, TymeBank

African Rainbow Capital (ARC)-controlled TymeBank has raised R1.1 billion ($70 million) from Chinese internet and technology giant Tencent and CDC Group, the UK’s development finance institution, to scale up operations. The capital raised will fund and grow TymeBank in SA

Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank. CDC Group has also invested, to take the bank’s series-B capital raise to US$180 million (R2.9 billion). The investments from Tencent and CDC are valued at an

Last month, TFG launched the financial product Tyme Bank at the Jet store. Jet is the flagship brand for MoreTyme’s rollout in November, with the rest of the brands rolling out in 2022. Instead of relying on TFG’s ongoing lay-by,

Fintect has lit a fire under start-ups and instilled fear in large brick-and-mortar financial institutions for many years. While agile FinTech upstarts continue to disrupt, big brands have accepted that their competitiveness and relevance depends on their digital transformation roadmaps.

A decade ago, the founders of Crossfin formed part of a small-cap JSE company that reeled under the financial crisis of 2008; this week, their fintech company received a big nod from Patrice Motsepe’s African Rainbow Capital (ARC) and Ethos,

JOHANNESBURG, Nov 24 (Reuters) – A private equity consortium has bought Crossfin for 1.5 billion rand ($94.8 million), the companies said on Wednesday, saying the deal would give the South African financial technology firm capital to expand. The consortium is lead by

FINTECH and payments provider Adumo said this week that it had partnered with TymeBank to extend the newly-launched MoreTyme payment offering to small and medium enterprises (SMEs) in South Africa. MoreTyme is a buy-now-pay-later (BNPL) payment service that offers consumers

It’s the week before payday and you’re a bit short on funds. Not enough to justify a loan, but enough to need funds to make it through the next week. Or the sneakers you have been waiting six months for

With customers needs constantly evolving it creates opportunity for challenging organisations that are willing to do things differently. We spoke with the CEO of an organisation that is up for the challenge, Tauriq Keraan the CEO of TymeBank who fills

South Africa’s retail sector has entered the age of ecommerce, with total online retail sales expected to reach R42-billion by the end of 2021. From the rise of contactless payments to the boom in social commerce, the pandemic has significantly altered consumer expectations when

Various fintech start-ups are now offering consumers a new way to shop with buy now, pay later without any interest. A new way to shop: buy now, pay later has become increasingly popular over lockdown after its launch in 2019

Payfast an online payments solutions has partnered with Tymebank, the South African newly established digital bank to announce the addition of a Buy Now Pay Later (BNPL) payment option to PayFast with MoreTyme by TymeBank. Both entities reports, with this launch, businesses

TymeBank will now have kiosks in selected TFG stores where customers can access banking services. It also plans to extend its interest-fee “Buy Now Pay Later” payment option first in 400 Jet stores this year. The deal helps the challenger

Digital bank time. One of the newest banks here in South Africa’s banking block has announced a new deal with The Foschini Group, or TFG, which promises growth. The deal will see TymeBank roll out its banking products and services

Digital bank time. One of the newest banks here in South Africa’s banking block has announced a new deal with The Foschini Group, or TFG, which promises growth. The deal will see TymeBank roll out its banking products and services

TymeBank is teaming up with The Foschini Group to introduce its financial products and services in TFG stores and on digital platforms. This will give the digital bank access to more than 26 million Foschini customers in South Africa. The

While fintech service provider TymeBank has been making moves outside of South Africa, the digital bank‘s latest announcement is closer to home after a strategic partnership with The Foschini Group (TFG) was struck. This partnership will see the introduction of TymeBank financial

TymeBank announced on Tuesday that it had entered into a strategic partnership with leading retail giant TFG (The Foschini Group) that will see the introduction of TymeBank financial products and services both instore and on digital platforms for the benefit

TymeBank has announced it has entered into a strategic partnership with leading retail giant TFG (The Foschini Group) that will see the introduction of TymeBank financial products and services both in-store and on digital platforms for the benefit of TFG’s

Digital bank TymeBank has joined forces with The Foschini Group (TFG), targeting the retailer’s 26 million customers in South Africa. The partnership will allow a full range of financial products and services to be developed, including an extended range of insurance

TymeBank has entered into a strategic partnership with retail giant TFG (The Foschini Group) that will see the introduction of TymeBank financial products and services both instore and on digital platforms for the benefit of TFG’s more than 26-million customers

TymeBank has partnered with The Foschini Group (TFG) to offer financial products and services to the retail giant’s customers. Announced on 5 October, the partnership will see the bank offer its MoreTyme payment option to shoppers, along with TymeBank kiosks

TymeBank, one of the world’s fastest-growing digital banks, announced it has entered into a strategic partnership with leading retail giant TFG (The Foschini Group) that will see the introduction of TymeBank financial products and services both instore and on digital

TymeBank and TFG will soon launch a branded debit card for the fashion and lifestyle retailer’s customers, as part of a new partnership. In a statement on Tuesday, the bank said in addition to the debit card, TFG’s customer base

TymeBank has entered into a strategic partnership with retail group The Foschini Group (TFG) to introduce TymeBank financial products and services both in-store and on digital platforms. The group’s chief executive Tauriq Keraan said that the partnership will lead to

TymeBank to roll out 600 kiosks at TFG stores Partnership will start later this year at retailer’s Jet stores with ‘buy now pay later’ MoreTyme product The partnership will result in 600 TymeBank kiosks at TFG stores across SA in

Johannesburg 5 October 2021 – TymeBank, one of the world’s fastest-growing digital banks, is pleased to announce it has entered into a strategic partnership with leading retail giant TFG (The Foschini Group) that will see the introduction of TymeBank financial

African Rainbow Capital Investments is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group. The firm, controlled by South African billionaire Patrice Motsepe through his Ubuntu-Botho Investments company, already owns branchless TymeBank and

Bruce Whitfield interviews co-CEO Johan van der Merwe about African Rainbow Capital’s year-end results and future plans. Patrice Motsepe’s African Rainbow Capital (ARC) has posted its results for the year ended 30 June 2021. The company’s intrinsic portfolio value increased by

Digital bank TymeBank is set to introduce new salary advance products in the new financial year, as the bank seeks to diversify its client base. Salary advance products include the bank agreeing to give clients a portion, or the entirety, of

South African digital banking group TymeBank has hit 3.45 million customers at the end of June 2021, onboarding around 5,000 customers daily. TymeBank reported 3 million customers at the end of March 2021, pointing to the onboarding of 450,000 customers

African Rainbow Capital Investments is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group. The firm, controlled by South African billionaire Patrice Motsepe through his Ubuntu-Botho Investments company, already owns branchless TymeBank

African Rainbow Capital Investments is planning to expand its portfolio and has entered negotiations to add a fintech conglomerate to the group. The firm, controlled by South African billionaire Patrice Motsepe through his Ubuntu-Botho Investments company, already owns branchless TymeBank

South African digital banking group TymeBank has hit 3.45 million customers at the end of June 2021, onboarding around 5,000 customers daily. TymeBank reported 3 million customers at the end of March 2021, pointing to the onboarding of 450,000 customers

Digital bank TymeBank is taking its business global, exporting its business concept and experience to its newly-established sister company GOtyme in the Philippines. The bank announced yesterday that GOtyme, which recently received its digital banking licence from the Philippines Central Bank, will benefit from

South Africa’s newest digital bank, Bank Zero, offers few features and pricing benefits over TymeBank, another digital-focused which launched more than two years ago, a MyBroadband comparison has shown. Following Bank Zero’s launch last week, commentators pointed out that it was

I remember, when I was a child, the importance my father placed on securing a meeting with a service consultant at his local bank. It was an opportunity to describe his situation, to shake hands, to feel cared for, to

Over the past ten years, there has been steady growth in digital banks globally. Nubank,co-founded by David Vélez in 2013, disrupted the Brazilian banking market and has become the world’s largest digital bank with over 40 million customers. In the same year, N26 was established to

There is a frequent misconception in discussions around digital banks, namely that digital banks and traditional banks differ only at the surface. Digital banks, the misconception goes, are simply traditional banks that focus on apps instead of branches and try to

Patrice Motsepe’s African Rainbow Capital (ARC) Investments says its mobile data operator Rain is working on connectivity issues as its footprint expands exponentially. When ARC presented its 2020 financial results in March, it said that Rain had started generating profit

DIGITAL retail bank TymeBank has reached the landmark 3 million customer milestone amid the challenging Covid-19 crisis, and says it will power on to expand future offerings that will include insurance and value-added services. TymeBank, which was launched in 2019,