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
-
World Bank: Commodity Prices to Surge in 2026 as Middle East War Disrupts Supply
20:30
-
Fire at Metafrique Steel injures at least 10, halts production
19:36
-
British Firm PROPAV Explores Road Construction Opportunities in Cameroon
19:31
-
Ecobank Cameroun posts record 2025 profit, up 30% to 27.29 bln CFA francs
19:21
-
Cameroon’s shrimp sector hit by informality, weak cold chain, study finds
19:15
-
DRC Seeks to Expand Connectivity Beyond Existing Cable Capacity
19:05
-
Tunisia Moves to Strengthen Rail Services in Capital and Suburbs
18:54
-
Liberia offsets Canada slowdown in ArcelorMittal’s Q1 2026 iron ore output
18:45
-
ECOWAS ministers endorse draft legal framework to tackle maritime crime
20:03
-
Togo employers, unions sign new interprofessional collective agreement
20:00
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
The institution said the outlook for commodity prices remains subject to significant risks, including a longer-than-expected duration of hostilities in...
DRC plans new submarine, regional links to boost connectivity Country relies on two cables amid outages, limited redundancy Expansion aims to cut...
Transtu to acquire 48 railcars for metro and TGM lines €160 million EBRD-backed plan supports rail upgrades and expansion Government targets 36...
ArcelorMittal Q1 iron ore output falls 3.2% to 9.7 million tons Liberia operations hit record output amid $1.8 billion expansion Company targets...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....