TymeBank is raising $150-million to build scale as it prepares for an initial public offering, its CEO said.
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TymeBank customers can now withdraw cash at 172 000 spaza shops and traders across South Africa.
Tyme Group could raise as much as $100-million in funding this year, propelling it into unicorn status.
The four-year-old TymeBank said it is the first digital bank to achieve profitability in Africa.
Health start-up Kena Health has taken top honours at the 2023 MTN Business App of the Year awards.
Banking app kidnappings, with the aim of gaining unauthorised access to victims’ money under duress, are on the rise.
Norrsken22 has received the backing of more than 30 unicorn founders and institutions for new tech investments.
FNB has been rated best digital bank in brand consultancy Human8’s SITEisfaction 2023 survey.
The adoption of rapid payments in South Africa, via PayShap, is far lower than in countries such as India and Brazil.
Newcomers to the banking industry are encroaching on markets controlled by the traditional “big four” banks. And they are just getting started.