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TymeBank reaches profitability within first five years

TymeBank reaches profitability within first five years
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South africaSouth africanSouth africansCoenraad jonkerPatrice motsepeThabani jaliLatin america nubankTyme groupLatin americaLondon based monzoAfrican rainbow capital

Six months after posting $45 million loss, TymeBank reports a profit

SA neobank TymeBank has swung its fortunes around, reporting a profitable December 2023 six months after posting a R858 million (~$45 million) loss.

Republic ofSouth africaSouth africanCoenraad jonkerZion christian churchFoschini groupBlue earth capitalRetail capitalSoutheast asia

TymeBank achieves profit in under five years

Bank is now gunning for a position in the top three retail banks in SA.

South africaSouth africanSouth africansCoenraad jonkerPatrice motsepeBig fourFoschini groupStandard bankZion christian churchAfrican rainbow capital

TymeBank hits profitability after 4 years, becoming first South African digital bank to do so

TymeBank becomes first digital bank to break even in South Africa and TymeBank's rapid ascent in the global digital banking landscape.

South africaSouth africanRolf eichweberasCoenraad jonkerCoen jonkerThabani jaliPatrice motsepeAfrican bankAfrican reserve bankCommonwealth bankDeloitte consultingSouth african bankBoxer superstoresFrom tymedigitalSouth african reserve bankCo founder rolf

TymeBank South Africa Sees Unicorn Status in Next Fundraising

(Bloomberg) Tyme Group, a digital lender controlled by South African billionaire Patrice Motsepe, could raise as much as $100 million in funding this year, propelling it into unicorn status.Most Read from BloombergYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixFord Cuts Workforce Making Electric F-150s on Weak DemandPutin Orders Hunt for Property of Russian Empire, Soviet UnionBlinken’s Return From Davos Was Delayed After Plane Broke DownChina’s $6.3 Trillion Stock Sel

South africaRepublic ofSouth africanBloomberg businessweekCoenraad jonkerPatrice motsepeBloomberg tyme groupGokongwei groupChief executive officer coenraad jonkerAfrican rainbow capital

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