TymeBank wants to add 150,000 clients a month with its digital platform and hopes to snatch half of them from other lenders with its low-fee model. Branchless and paperless, Tyme is pushing its product through retailer Pick n Pay's footprint - 730 Pick n Pay and Boxer stores where clients can make cash deposits and do free withdrawals at till points. So far Tyme has signed up 80,000 clients and is performing ahead of its own expectations, founder Coen Jonker told Business Times this week. Jonker and fellow-founder Tjaart van der Walt retain a stake in the business, but the lion's share is held by Patrice Motsepe's African Rainbow Capital (ARC) Investments as part of a sprawling financial services portfolio. ARC paid R317m for 10% of Tyme two years ago, with Commonwealth Bank of Australia the senior partner at the time. But after the Australian lender decided last year to cut its exposure to emerging markets, ARC emerged with a 73% stake. "It really worked out well," said ARC CEO Joh...

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