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…
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…
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…
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…
Buoyed by double-digit profit, fintech group Capital Appreciation (Capprec) says it weathered the impact of the COVID-19 pandemic during the first half of the year ended 30 September, fortified by increased demand for digital payment solutions and contactless payments. Capprec says…
African Rainbow Capital (ARC) injected R750 million in TymeBank in the last financial year ended June, a tough period for the relatively new digital bank, which saw it experience a drop in footfall to its kiosks under national lockdown. Announcing…
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