Articles about African Rainbow Capital

TymeBank gets green light to buy Sanlam’s loan portfolio

The Competition Commission concludes that the transaction is unlikely to lessen or prevent competition.

AI, analytics investments to create short-term pressure for TymeBank

Leveraging tech to drive growth and operational efficiency, TymeBank is progressing toward sustainable monthly profitability, says African Rainbow Capital.

Multi-billion funding bolsters Tyme Group valuation

The Patrice Motsepe-owned digital banking group is now valued at R26.7 billion after securing R4.4 billion in the latest capital raise, to fuel its next phase of growth.

Motsepe’s TymeBank looks to expand into new markets

TymeBank achieves sustainable profit levels, while GoTymeBank continues to track in line with its key metrics, says ARC.

Fintech group Lesaka buys Adumo for R1.59bn

The purchase will be settled through the combination of an issuance of Lesaka common stock to Adumo’s current shareholders plus R232 million in cash.

TymeBank heads to Vietnam in expansion push

After setting up shop in the Philippines, Tyme Group prepares to establish a third bank in Vietnam.

TymeBank swings into profitability in under five years

The digital bank reaches profitability, becoming the first branchless financial institution in Africa to break even.

Motsepe’s TymeBank to conclude new funding round

The digital bank is closing its Series C capital raise with a combination of existing and new shareholders.

Rain ‘tracks well’ amid rainOne demand

The firm sees increasing interest in its rainOne 4G mobile voice offering in the three months since its launch.

Motsepe’s ARC expands solar portfolio with GoSolr stake

African Rainbow Capital buys a minority shareholding in GoSolr, a residential solar energy company based in SA.

Rain 'transforms' Joburg hub with ‘minimal’ job cuts

The company converts its Johannesburg office into a regional office and some positions will be impacted by the move.

Motsepe’s TymeBank garners 7m customers since launch

Across its two markets – SA and the Philippines – the business is growing at a pace of 300 000 new customers a month.