South African Digital Bank TymeBank has announced that October will be its launch month into the Philippines.
Patrice Motsepe’s African Rainbow Capital, the majority shareholder in TymeBank, announced in August of 2021 its intention to expand globally.
TymeBank has enjoyed rapid expansion in South Africa having already reached over five million customers since it launched.
At the end of last year the fintech player raised R1.1 billion to fuel it’s global expansion plans.
Founding member of TymeBank, Coenraad Jonker has taken up the role of CEO and is the executive chairman of Tyme Global, based in Singapore. Former CEO Tauriq Keraan has taken up a new international executive role to support the bank’s global expansion.
To read more about TymeBank’s global expansion you can read an in-depth article on ITWeb.