TymeBank, a digital bank founded in 2012, prioritizes simplicity, transparency, and affordability, aiming to revolutionize banking in South Africa. As the first majority black-owned retail bank in the country, it is backed by African Rainbow Capital, a fully black-owned investment company. The company's vision revolves around providing accessible and affordable banking to all South Africans, empowering individuals, businesses, and communities, and promoting financial literacy and control. TymeBank recently secured a $77.80M Series C investment on 23rd May 2023, with prominent investors such as African Rainbow Capital, Apis Partners, British International Investment, Ethos Fund, JG Summit Holdings, Norrsken22, Blue Earth Capital, and Tencent. The company’s dedication to innovation, financial inclusion, and empowerment positions it as a promising player in the Financial Services, Information Technology, Payments, and Banking sectors. With its strong shareholder support and impactful mission, TymeBank is poised for significant growth and influence in the South African banking landscape. Find out more at www.tymebank.co.za.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series C | $77.80M | 8 | Tencent, Blue Earth Capital | 23 May 2023 |
Series B | Unknown | 2 | Bossanova Investimentos | 01 Jan 2022 |
Series B | $70.00M | 3 | Tencent | 21 Dec 2021 |
Series B | ZAR1.60B | 2 | 23 Feb 2021 | |
Venture Round | ZAR750.00M | 1 | 15 Sep 2020 |
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