TymeBank gets R750m lifeline as COVID-19 disrupts plans
African Rainbow Capital injected R750 million in TymeBank in the last financial year ended June, a tough period for the relatively new digital bank.
TymeBank reaches new high, adds fast mode of transaction
The new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.
Discovery Bank adds new customers despite COVID-19 setback
The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.
Patrice Motsepe-backed fund invests R50.5m in solar start-up
ARCH’s Africa Renewable Power Fund has invested $3 million in SA’s blockchain-based solar start-up Sun Exchange.
Motsepe’s TymeBank adds finance heavyweight to its board
The digital bank announces the appointment of Karabo Morule as its new independent non-executive director.
Patrice Motsepe firm commits R249m to solar projects
The fresh funding will enable the ongoing expansion of CrossBoundary Energy’s commercial and industrial solar services.