South Africa : TymeBank confirms the launch of its unsecured loan services
Wednesday, 12 June 2019 16:52
South Africa’s first fully digital bank TymeBank announces the launch of its unsecured loan services in July 2019. This schedule conforms to the plan presented to investors in February 2019 when the bank officially launched its activities.
This also shed a light on the ZAR200 million ($13.4 million) received days ago from Ethos, a fund that supports artificial intelligence projects.
This segment of unsecured loans demands a good analysis of the requester’s profile and the level of trust to be placed in potential clients.
TymeBank is an ambitious bank that promises to bring banking services to the unbanked in South Africa but, in the unsecured loans segment, it has a serious competitor. This competitor is Capitec Bank, leader of this segment after the downfall of African Bank.
Idriss Linge
Live News
-
UN Launches $60,000 Grant Accelerator For Data-And-AI Projects
12:10
-
Heifer International Launches 2026 AYuTe Nigeria Agritech Challenge
12:06
-
Gabon brings first 8.5 MW of Mayumba gas power plant online
11:56
-
Foreign investment in Africa drops 38% in 2025 as North Africa sees sharp decline (UNCTAD)
11:49
-
Trade, Investment, Influence: The Logic Behind the Launch of AmCham Togo
11:39
-
EU commits €25mln to strengthen Liberia’s artisanal fisheries value chain
11:35
-
Togo Bridge Program: Construction Advances on Kéran River Crossing
11:29
-
UK Pumps XAF 6.8bn into Congo Basin Skills as Cameroon Scientists Win Scholarships to Fuel Forest Economy
06:09
-
Togo Sets 2026 Public Wage Bill at CFA 373.5 Bln, Up 5% on Year
18:55
-
Plateaux Regional Council Rolls Out School Water Project With Solar Boreholes
18:48
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Circular migration is based on structured, value-added mobility between countries of origin and host...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
Africa’s trade deficit with China widened 64.5% to $102 billion in 2025 Chinese exports ...
Libya plans to launch 5G services after completing first-phase preparations State-owned LPTIC names Al-Madar Al-Jadeed as the first national 5G...
Gabon has commissioned the first 8.5 MW phase of the Mayumba gas power plant The project is developed under a public-private partnership with...
FDI to Africa dropped to $59 billion in 2025, with North Africa down 67% Sub-Saharan Africa proved more resilient, posting a limited 6%...
The EU will fund €25 million to support artisanal fisheries in Liberia’s coastal counties The project targets cold storage, ice production,...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...