How much funding has TymeBank raised?

TymeBank has raised $616.8M in total funding, most recently a Series D round.

Who are TymeBank's investors?

TymeBank's investors include Nubank, Tencent, M&G Catalyst, African Rainbow Capital, British International Investment.

Where is TymeBank headquartered?

TymeBank is headquartered in Johannesburg, South Africa.

What industry is TymeBank in?

TymeBank operates in Banking, Fintech.

How many employees does TymeBank have?

TymeBank has 501-1000 employees.

TymeBank

Banking made simple, accessible, and affordable for all South Africans

Johannesburg, South Africa · Founded 2018 · $616.8M raised

Banking

Fintech

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

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.

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