About TymeBank
TymeBank is a Financial Services company based in Johannesburg (South Africa) founded in 2012, and was acquired by African Rainbow Capital in November 2018. Provider of the digital bank for individuals. 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. Its website tymebank.co.za draws about 526 thousand monthly visits. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks. Its competitors include Bank Zero, DafriBank and Curve Banking and Financial Services.
Company details
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.
- Headquarters Johannesburg, South Africa
- Stage Acquired
- SectorsFinancial Services
- Website category Computers Electronics and Technology · Programming and Developer Software
- Phone•••• ••••
- Website tymebank.co.za
- Social LinkedIn X Facebook
- Acquired by African Rainbow Capital (Nov 2018)
- Total Equity Funding$13.34M (USD)
in 2 rounds
- InvestorsEthos Private Equity
& 2 more
- Investments & Acquisitions
- Acquired byAfrican Rainbow Capital
(Nov 2018)
Apps and channels of TymeBank
TymeBank publishes 2 mobile apps with over 5M+ downloads.
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 $13.34M
- Total Rounds 2
- First Round $13.34M
(Jun 2019)
- Investors Count 2
All 2 funding rounds of TymeBank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | Series A | – | – | ||
| Jun 2019 | $13.34M | Series A | – | Ethos Private Equity | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and venture capital asset management firm | apis.pe | London, United Kingdom | ||
PE firm investing in South Africa | 1984 | ethos.co.za | Johannesburg, South Africa | |
African Rainbow Capital is engaged in investment management services. | africanrainbowcapital.co.za | Johannesburg, South Africa |
Investor details for TymeBank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
- Co-investor network
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People of TymeBank
65 people are tracked at TymeBank (29 in leadership, 36 in team).
| Name | Role | Group |
|---|---|---|
Raymund Villanueva | Chief Marketing Officer | Leadership |
Marin Cundall | Head Of Payments Adoption | Leadership |
Bongi Khumalo | Human Resource Business Partner | Leadership |
Luke Lanterme | Head: Testing | Leadership |
Bruce Paveley | Chief Technology Officer | Leadership |
James Fick | Managing Executive: Transaction & Savings | Leadership |
Cheslyn Jacobs | Chief Commercial Officer (cco) | Leadership |
Bongani Maponya Ca | Managing Executive: Value Segment | Leadership |
Mpho Mahlangu | Head: Kiosk Operations | Leadership |
Moeketsi Moeng | Head Of Quality Assurance | Leadership |
Karl Westvig | Chief Executive Officer | Leadership |
Rachel Freeman | Chief Growth Officer | Leadership |
Jason Ellinas | Head: Cyber Security | Leadership |
Thomas Harraway | Commercial Head: Value Added Services | Leadership |
Heidi Stoffberg | Chief Compliance Officer | Leadership |
Lucia Malapane | Head Of Brand Marketing | Leadership |
Erin Louw | Chief People Officer | Leadership |
Yusuf Dockrat | Chief Financial Officer | Leadership |
Shane Nair | Head: IT Financial Management, Internal Controls, Procurement & Operation Finance | Leadership |
John Kane | Chief Innovation Officer | Leadership |
45 more people are available in the full profile.
Complete people profiles for TymeBank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by TymeBank
TymeBank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Retail Capital.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Flexible unsecured funding is offered to small and medium enterprises. | retailcapital.co.za | Cape Town, South Africa | 2011 | Aug 2022 | $86.48M |
Complete acquisition details for TymeBank
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of TymeBank
5 dated milestones of TymeBank across 10 years, from founding to its latest funding, stage changes and deals.
- Founded TymeBank is founded.
- Exit Acquired by African Rainbow Capital.
- Funding First funding round of $13.3M.
- Funding Latest funding round, Series A,.
- Acquisition Acquires Retail Capital.
Competitors of TymeBank
TymeBank has 3 listed competitors in our database. They include Bank Zero, DafriBank and Curve Banking and Financial Services.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bankzero.co.za | 2016 | Johannesburg, South Africa | Internet-first bank for individuals & businesses | |||
| dafribank.com | 2020 | Mthatha, South Africa | Digital banking services are provided to individuals and businesses. | |||
| curvebank.com | 2015 | Johannesburg, South Africa | Serves as a mobile bank catering to retail and corporate customers. |
Detailed competitors of TymeBank
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- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of TymeBank
The website of TymeBank (tymebank.co.za) receives about 526.1K visits a month and ranks #106,940 among all websites worldwide, #2,385 in Programming and Developer Software.
- Monthly visits526.1K
▲ 9.8% vs previous month
- Unique visitors242.6K
per month
- Global rank#106,940
among all websites
- Category rank#2,385
Computers Electronics and Technology · Programming and Developer Software
- Bounce rate36%
- Pages per visit2.6
- Average visit1 min 05 sec
- DevicesDesktop 17% · Mobile 83%
Websites whose visitors overlap most with TymeBank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| github.com | 100% | 542.6M | #65 | View details | |
ilovepdf.com | ilovepdf.com | 97% | #124 | – | |
fasta.co.za | fasta.co.za | 96% | #85,942 | – | |
| float.co.za | 86% | 113.7K | #242,244 | View details | |
| unifi.credit | 86% | #56,772 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for TymeBank
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Tymebank
Complete news archive for TymeBank
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Frequently Asked Questions about TymeBank
TymeBank was founded in 2012 and raised its 1st funding round 7 years after it was founded.
TymeBank is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
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 2019.
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.
TymeBank's top competitors include Bank Zero, DafriBank and Curve Banking and Financial Services.
TymeBank has made 1 acquisition, including Retail Capital.
TymeBank has 3 investors. Key investors include Ethos Private Equity, Apis Partners, and African Rainbow Capital.
Yes. TymeBank was acquired by African Rainbow Capital in November 2018.
Yes. TymeBank publishes TymeBank and 1 more app, with over 5 million downloads.
The website of TymeBank receives about 526 thousand visits a month and ranks #106,940 among all websites worldwide.