Tymebank is a digital bank with no monthly fees this bank now is considered the best digital bank in south Africa becouse of the services it offers.
The motsepe African rainbow capital announced a new investment this investment is to give tymebank strength to win more on the digital bank market.
Tymebank secures 1.6billion in growth capital from new shareholders 1.1 billion will be invested over the next 12 to 15 month's.
Tymebank wants to use the fresh capital to secure the path to commercial success.
tymebank was launched in February in 2019 was expected to reach 3million customers,the remarkable thing is that tymebank continues to sign up to 110,000 new customers every month on evarage.
The new investors are APIs partners is a private equity firm that focuses on financial services.
This is considered one of the best investment move for the success of tymebank it is one of the largest foreign investment to any FinTech company in south Africa.
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform
COMMENTS