Cheslyn Jacobs aims to elevate the bank to a top three position, while investing in employees and customer experience.
The investment company channels R150 million investment into alternative funding provider, Sourcefin.
The digital bank reaches 10 million customers, with almost R7 billion in customer deposits six years since inception.
The generative AI model, still in beta testing, aims to provide knowledge and resources for the SME community.
The iK Flyer card machine has a powerful battery that ensures continuous operation throughout the day, even during extended power outages.
Tyme Global secures two international investments, in a move that will see TymeBank further expand operations in SA.
Billionaire Patrice Motsepe-controlled African Rainbow Capital has pumped close to R2 billion into the digital bank.
The Competition Tribunal unconditionally approves the merger, whereby TymeBank intends to acquire the entire issued share capital in Retail Capital.
AWCape worked closely with Retail Capital to help the company migrate from Sage 300cloud to Sage Intacct.
The digital-only bank seeks to break-even and reach profitability in the coming year, says CEO Coen Jonker.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The fintech SME funder will become part of the digital-only bank, opening up working capital for small businesses.
In a breakaway from traditional fixed-term, interest bearing loan options, the collaboration offers a flexible, unsecured cash advance calculated on average turnover.