- Headquarters
- Johannesburg
- Employees
- 501–1000
- Founded
- 2018
- Business Model
- B2C
- Website
- tymebank.co.za
- Total Funding
- $616.8M
- Last Round
- $250.0M Series DDec 2024
- Rounds
- 5
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
TymeBank is South Africa's first fully digital bank, founded in 2018 and majority black-owned, focused on driving meaningful financial inclusion by making banking more accessible and affordable for all South Africans. Operating through cloud-based technology with no legacy burden, TymeBank distributes accounts through a nationwide network of kiosks inside Pick n Pay and Boxer retail stores, allowing customers to open accounts and transact at over 14,000 till points. The bank launched with an EveryDay transactional account, GoalSave savings tool, MoneyTransfer solution, and TymeCoach credit monitoring app, and has since reached 10 million customers to become the first digital bank to achieve profitability in Africa. Majority owned by African Rainbow Capital (ARC), TymeBank is part of the global Tyme Group and has expanded its model internationally.
Summary
TymeBank is a Banking company based in Johannesburg, South Africa, founded in 2018. It has raised $616.8M in total across 5 rounds, most recently a $250.0M Series D round in Dec 2024. Investors include Nubank, Tencent and M&G Catalyst.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Dec 2024
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Funding: Seed through Series D. Amounts, valuations, and investors where available.
Investors
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