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TymeBank becomes Africa's first digital bank to reach profitability

TymeBank becomes Africa's first digital bank to reach profitability
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South Africa , South Africans , South African , Coenraad Jonker , Patrice Motsepe , Tyme Bank , Zion Christian Church , Foschini Group , Small Medium Enterprises Smes , Cash Advance , Medium Enterprises , Grant Advance , African Rainbow Capital ,

TymeBank hits profitability milestone, eyes more lending solutions

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. ....

South Africa , South Africans , South African , Latin America Nubank , Coenraad Jonker , Patrice Motsepe , National Healthcare Group , Foschini Group , Latin America , London Based Monzo , Merchant Cash Advance , Grant Advance , Daily Maverick , African Rainbow Capital , Banks Coenraad Jonker Digital Lending Neesa Moodley Neobank Tymebank ,

TymeBank becomes Africa's first digital bank to reach profitability

TymeBank recently announced it had reached its first month of profitability in December, since launching in 2019. ....

South Africa , South Africans , South African , Patrice Motsepe , Coenraad Jonker , Zion Christian Church , Small Medium Enterprises Smes , Tyme Bank , Foschini Group , Cash Advance , Medium Enterprises , Grant Advance , African Rainbow Capital ,

Singapore's Tyme Group delivers the world's fastest profitable standalone digital bank; over $215m annualised revenue

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. ....

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Fundsquire reaches $110 million AUD in SME lending.

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 ....

United Kingdom , Tim Demetriou , Grant Advance , Revenue Based Financing , Sept 15 , 022 Prnewswire Fundsquire , A Global Fintech And Alternative Lender , Oday Announced They Have Reached An Sme Lending Milestone , Elivering Over 110 Million Aud In Funding To Australian , K And Canadian Smes Startups Quot This Isa Landmark Achievement For Fundsquire , Nd It 39s Proof That Our Tech Enabled , Elationship Driven Business Adds Value To Early Stage Founders And Companies Quot , Aid Damien Petty , Ounder And Ceo At Fundsquire While Continues To Focus Onr Ampd Financing , Its New Products , Ncluding Grant Advance Funding Amp Revenue Based Financing , Ave Seen Stellar Growth Fundsquire Has Now Funded Over 250 Businesses Acrosstheir Operating Countriesthrough Its Multi Product Portfolio Quot Grant Advance Isa Completely New Funding Solution In Australia , Nd We 39 Re One Of Onlya Handful Companies To Do It In Canada And The Uk Quot , Aid Damien Quot We Offer Companies Up To 90 Of Their Future Grant Payments Front , Nd We 39 Re Seeing Founders And Ceos Jump At The Opportunity To Fund Their Grant Projects Without Impacting Operating Cash Flow Quot Fundsquire Clients Are Already Valuea Long Term Partnership Witha Multi Product Capital Lender Can Provide As They Grow Tim Demetriou , Eo Of The Australia Based Pencilsaid , Uot Fundsquire Wasa Great Way For Us To Continue Funding Ourselves Anda Super Easy Process Away From Slower , Lunkier Banks And Lenders We Have Hada Great Experience With The Guys At Fundsquire Just Applied For Their New Product Which Supports Fast Growth Recurring Revenue Businesses Marketing Costs Quot Damien , He Combination Of New Products And Technology Has Fundsquire Primed For Scale In 2022 23 Continues To Build Its Core , Artnering With Railzand Xero , Nd Will Soon Roll Outa New Version Of Its Customer Platform Quot Our Technology Allows Us To Scale Multiple Products ,