The bulk of capital is earmarked for later-stage rounds, where South African venture funding has long been thinnest.
Browsing: Coenraad Jonker
The prominent South African digital-first banking platform and fintech intends to rebrand itself in the first half of 2026.
TymeBank is considering legal action to stop home affairs from implementing huge increases in the fees companies must pay to verify their clients’ identities.
Revolut, the world’s fourth-largest digital bank, has confirmed to TechCentral that it is interested in the South African market.
Tyme Group, controlled by billionaire Patrice Motsepe, has raised $250-million in a new funding round.
Digital bank TymeBank will have a new CEO from October. Karl Westvig will take the reins from Coenraad Jonker.
TymeBank is raising $150-million to build scale as it prepares for an initial public offering, its CEO said.
The four-year-old TymeBank said it is the first digital bank to achieve profitability in Africa.