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TymeBank
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TymeBank

https://www.tymebank.co.za/
Last activity: 02.03.2026
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Categories: E-commerceFinTechFutureHomeITPlatformShopSmartToolsWebsite
We’re a digital bank founded on simplicity, transparency and affordability.

TymeBank’s majority shareholder is African Rainbow Capital, a fully black-owned and controlled investment company, making TymeBank the first majority black-owned retail bank in South Africa. Our business is designed and run around three key principles:

We believe that every South African has the right to accessible and affordable banking so that they can take part in, grow and benefit from the country’s economy.

We believe in the potential of people in this country. We have designed our products, services and tools to help individuals, businesses and communities achieve everything we know they’re capable of.

We constantly look for ways to empower South Africans to take back control of their money. By helping them understand how money really works and giving them a transaparent view of their own financial situation, we make it easier for our customers to make decisions today that translate into a secure financial future.

www.tymebank.co.za
Likes
108.43K
Followers
19.93K
Website visits
5M /mo.
Mentions
107
Location: South Africa, Gauteng, Rosebank
Employees: 201-500
Phone: 999 119
Total raised: $406.8M
Founded date: 2012

Investors 3

Funding Rounds 4

DateSeriesAmountInvestors
17.12.2024-$150M-
24.05.2023-$77.8M-
12.12.2021Series B$70M-
23.02.2021-$109M-

Mentions in press and media 107

DateTitleDescription
02.03.2026TymeBank ditches Pick n Pay kiosks for mall-based customer hubsGoTyme Bank, formerly TymeBank, is overhauling its retail footprint by rolling out dedicated customer hubs in malls across South Africa from March 2026, while pulling its kiosks out of Pick n Pay stores by the end of the month. The bank sai...
27.01.2026Telecoms industry drags home affairs minister to courtACT CEO Nomvuyiso Batyi Mobile industry lobby group the Association for Comms & Technology (ACT) has filed an application with the high court in Pretoria to have regulations introduced by home affairs minister Leon Schreiber, in which h...
02.12.2025High fees keep PayShap stuck in first gearThe start of year found PayShap firmly embedded in any payment conversation. When it launched in 2023, everyone in the landscape was asking: would it scale effectively, would consumers embrace it and would banks fully participate? Now, at t...
25.11.2025New challenger bank: Pepkor secures approval to join the sectorSouth African discount retailer Pepkor Holdings has received regulatory approval to establish a banking presence, it said on Tuesday, as it expands beyond retail and basic financial services. Pepkor said in a statement that it had secured a...
03.11.2025New CEO for TymeBankCheslyn Jacobs Digital challenger bank TymeBank will have a new CEO from January. Cheslyn Jacobs will take the reins from Karl Westvig with effect from 1 January 2026. Westvig, who has been part of the bank’s leadership team since 2023, wil...
21.10.2025TymeBank is getting a new nameTyme Group CEO Coen Jonker Digital-first banking platform and fintech TymeBank intends to rebrand itself as GoTyme in the first half of 2026, aligning with its brand identity in some of its international markets. According to a report by Ne...
12.10.2025Revolut gears up to disrupt South African bankingThe South African banking sector is poised for further disruption as one of the world’s largest digital banks, Revolut, prepares to enter the local market. The London-headquartered fintech Revolut is driving an expansion into emerging marke...
16.09.2025Discovery Bank CEO Hylton Kallner on the future of banking in South AfricaDiscovery Bank CEO Hylton Kallner Discovery Bank is cementing its place as a serious digital challenger in the South African market. In its full-year results released published last week, for the period ending 30 June 2025, the bank reporte...
10.09.2025TymeBank rolls out PayShap Request for merchant partnersDigital challenger bank TymeBank has introduced a PayShap Request payment option that third-party payment service providers can offer to merchants to use with their clients. According to a statement by the bank on Wednesday, the functionali...
09.09.2025South Africa's PayShap Faces Adoption Hurdles: Fees, Access, and a New PartnershipSouth Africa's rapid payment system, PayShap, struggles with user adoption. High transaction fees imposed by banks deter uptake, particularly impacting financial inclusion goals. Limited accessibility, notably the absence of USSD channels, ...
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