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
-
Togo plans six regional tech hubs under digital acceleration project
21:15
-
Etihad Expands African Network with Six New Routes
21:13
-
Senegal Moves to Regulate Ride-Hailing, Define Roles for Taxis and Platforms
21:00
-
Ghana cocoa product exports jump 90% to $1.8 billion in 2025
20:43
-
Cameroon Struggles to Phase Out Log Exports Despite Policy Pressure
20:35
-
U.S. Weighs Raising Refugee Cap for White South Africans
20:28
-
BEAC Scales Back Cash Injection While Bank Demand Surges in Cemac
19:57
-
Cameroon’s New Phone Customs System Curbs Smuggling, Lifts Revenue Outlook
19:49
-
Central Africa finance officials, investors meet in Yaoundé to address infrastructure funding gaps
17:36
-
Riaz Moola Launches HyperDev to Automate App Development With AI
12:37
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Mobile phones have become essential tools for work, education, payments and staying connected across...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Etihad to launch flights to six African cities by 2027 Routes include Lagos, Accra, Kinshasa with up to seven weekly flights Expansion targets...
Senegal moves to regulate ride-hailing platforms with new decree Reform defines VTCs as intermediaries, taxis as service providers Framework aims to...
Growth driven by high prices and strong global demand Policy push to boost local processing expected to sustain gains Ghana's export revenues from...
US considers raising refugee cap to admit more white South Africans Policy prioritizes Afrikaners, amid disputed persecution claims Move marks shift...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...