TymeBank

We're a bank that's digitally smart. Unlock the future of banking and stay informed at tymebank.co.za

General Information
Company Name
TymeBank
Founded Year
2012
Location (Offices)
Johannesburg, South Africa +1
Founders / Decision Makers
Number of Employees
1011
Industries
Financial Services, Information Technology, Payments +1
Funding Stage
Series C
Social Media

TymeBank - Company Profile

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.

Taxonomy: Digital Bank, Financial Inclusion, Black-Owned Business, Affordability, Empowerment, Financial Education, Community Banking, Simplicity, South African Economy, Customer-Centric, Accessible Banking, Financial Empowerment, Data-driven Banking

Funding Rounds & Investors of TymeBank (7)

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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

View All 7 Funding Rounds

Latest News of TymeBank

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No recent news or press coverage available for TymeBank.

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