About TymeBank
TymeBank is a company based in Johannesburg (South Africa) founded in 2012 was acquired by African Rainbow Capital in November 2018.. TymeBank has raised $13.34 million across 2 funding rounds from investors including Ethos Private Equity, Apis Partners and African Rainbow Capital. TymeBank has completed 1 acquisition, including Retail Capital. TymeBank operates in a competitive market with competitors including Kuda, Bank Zero, DafriBank, Curve Banking and Financial Services and Hcoin, among others.
- Headquarter Johannesburg, South Africa
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.34 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Ethos Private Equity
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
African Rainbow Capital
(Nov 02, 2018)
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Funding Insights of TymeBank
TymeBank has successfully raised a total of $13.34M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(10 Jun 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - TymeBank | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - TymeBank | Valuation | Ethos Private Equity |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TymeBank
TymeBank has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Ethos Private Equity, Apis Partners and African Rainbow Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and venture capital asset management firm
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Founded Year | Domain | Location | |
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PE firm investing in South Africa
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Founded Year | Domain | Location | |
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African Rainbow Capital is engaged in investment management services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TymeBank
TymeBank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Retail Capital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Flexible unsecured funding is offered to small and medium enterprises.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - TymeBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tymebank Comparisons
Competitors of TymeBank
TymeBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kuda, Bank Zero, DafriBank, Curve Banking and Financial Services and Hcoin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Kuda is recognized as a digital banking app for Africans.
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| domain | founded_year | HQ Location |
Internet-first bank for individuals & businesses
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| domain | founded_year | HQ Location |
Digital banking services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Serves as a mobile bank catering to retail and corporate customers.
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| domain | founded_year | HQ Location |
Provides online payments, loans, deposits, and money transfers for African users.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tymebank
Frequently Asked Questions about TymeBank
When was TymeBank founded?
TymeBank was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Where is TymeBank located?
TymeBank is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Is TymeBank a funded company?
TymeBank is a funded company, having raised a total of $13.34M across 2 funding rounds to date. The company's 1st funding round was a Series A of $13.34M, raised on Jun 10, 2019.
What does TymeBank do?
TymeBank was established in 2012 in Johannesburg, South Africa, within the fintech sector. An online platform is provided for individuals to open bank accounts and receive linked debit cards. Reward points are accumulated through card-based payments. The GoalSave tool is available to facilitate the creation of multiple savings goals. Operations focus on digital accessibility without physical branches.
Who are the top competitors of TymeBank?
How many acquisitions has TymeBank made?
TymeBank has made 1 acquisition, including Retail Capital.
Who are TymeBank's investors?
TymeBank has 3 investors. Key investors include Ethos Private Equity, Apis Partners, and African Rainbow Capital.