Judges will select up to 25 teams to each receive $10 000 to develop small-scale prototypes over the ensuing six months.
As new CFO of Tyme, David Pfaff is set to drive the group’s new consumer credit agenda, while also devoting his time to its Asia growth plans.
The digital-only newcomer delays its public launch and opts to run a “closed rollout” as a risk mitigation measure, amid the COVID-19 upheaval.
While Rain experienced faced certain ‘customer service challenges’ during the period, TymeBabk is tracking slightly behind its projections to attract clients.
African Rainbow Capital injected R750 million in TymeBank in the last financial year ended June, a tough period for the relatively new digital bank.
The new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.
The 18-month-old South African digital bank is rated second best in the country on the Forbes list of the world’s best banks.
The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.
ARCH’s Africa Renewable Power Fund has invested $3 million in SA’s blockchain-based solar start-up Sun Exchange.
The digital bank announces the appointment of Karabo Morule as its new independent non-executive director.
The digital bank now has 1.4 million customers, of which 700 000 are active bank accounts
The bank’s half-year results show total credit card spend was R2.6 billion and total credit limits granted sat at R2.5 billion.