We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

TymeBank, the emerging lender backed by Patrice Motsepe’s African Rainbow Capital (ARC), has caught the interest of one of the world’s most recognisable tech names, Tencent, viewing this as a sign of faith in a digital banking model it hopes to roll out in parts of Asia.

Most of the $70m (R1.1bn) raised in TymeBank’s latest funding round will be used to fund growth in SA, co-founder Coen Jonker told Business Day. But just less than a third is being earmarked for its second digital bank, in the Philippines, ahead of an expected launch in the third quarter of 2022...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now