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MONEYWEB app instead? TymeBank gets R1.6bn injection from global partner New shareholders get around 20% of the bank, with joint venture GoTyme set to launch in the Philippines in Q2 next year. 00:01 Open: Malaysia, Vietnam and Indonesia might be next, with more product options coming on line for customers in SA. Image: Moneyweb TymeBank is set to substantially grow its South African offering and expand to the Philippines following a R1.6 billion investment injection. The investment by Philippines-based JG Summit Holdings and private equity firm Apis Growth Fund II will give the new shareholders a stake of about 20% in the bank, while maintaining African Rainbow Capital as the majority shareholder. ....
SINGAPORE (Reuters): South African digital bank Tyme has raised US$110 million in private capital and linked up with JG Summit, one of the biggest conglomerates in the Philippines, to apply for a local digital bank licence, a top Tyme executive told Reuters. ....
South African digital lender TymeBank has raised R1.6 billion (about $109 million) in a round joined by an Apis Partners fund and Philippines-based JG Summit. ....