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
-
Guinea Appoints Alpha Bacar Barry as Education Minister
18:44
-
DR Congo, AD Ports Sign MoU for Multi-Purpose Terminal at Matadi
18:37
-
Senegal: Over 100 Artists Urge President Diomaye Faye to Sanction Israel
17:40
-
Over 60% of Cameroon’s robusta exports go to Italy, Algeria and Belgium in 2024–25
17:33
-
Kenya Saves $167 Million After Yuan-Denominated Debt Swap With China
16:51
-
Signe Fokui Maxime Builds Bitkap to Streamline Online Money Transfers
15:54
-
Douala BRT project to start feeder road works in May 2026 with CFA4.7bn budget
15:51
-
Cameroon corporate profits fall 13% in 2024 despite higher turnover
15:40
-
Audrey Ludivine Baha Launches Nofey to Digitize Access to Local Artisans in Africa
15:26
-
GoCab Raises $45 Million to Scale Electric and Inclusive Mobility Across Africa
15:24
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Guinea appointed Alpha Bacar Barry as minister in charge of national education, literacy, technical education, and vocational training by presidential...
DR Congo and Abu Dhabi–based AD Ports signed a memorandum of understanding to develop and operate a multi-purpose terminal at Matadi port. The project...
Kenya saved about $167 million in debt servicing costs after converting Chinese loans from dollars to yuan. The swap covered three China...
Revenues at Lesotho’s Letšeng diamond mine fell 36% year on year to $97.7 million in 2025. A 14% drop in production and a 20% decline in the...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...