TymeBank becomes Africa s first digital bank to reach profitability georgeherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from georgeherald.com Daily Mail and Mail on Sunday newspapers.
Digital disruptor TymeBank continues to blaze a fiery path in the banking sector and reached the milestone of breaking even in November 2023, making December its first profitable month, fewer than five years after launching in February 2019.
Singapore-based global digital banking group Tyme has achieved an annualised revenue run rate of SG $215 million in 2023, as its flagship South African operation TymeBank becomes the world's fastest profitable standalone digital bank.
MELBOURNE, Australia, Sept. 15, 2022 /PRNewswire/ Fundsquire, a global fintech and alternative lender, today announced they have reached an SME lending milestone, delivering over $110 million AUD in funding to Australian, UK and Canadian SMEs and startups. "This is a landmark achievement for Fundsquire, and it's proof that our tech-enabled, relationship-driven business adds value to early stage founders and companies", said Damien Petty, Founder and CEO at Fundsquire. While Fundsquire continues to focus on R&D financing, its new products, including Grant Advance funding & Revenue Based Financing, have seen stellar growth. Fundsquire has now funded over 250 businesses acrosstheir operating countriesthrough its multi-product portfolio. "Grant Advance is a completely new funding solution in Australia, and we're one of only a handful of companies to do it in Canada and the UK", said Damien. "We offer companies up to 90% of their future grant payme