# TymeBank

**Source:** https://www.startuphub.ai/startups/tymebank
**Profile type:** Startup

> A South African investment company offering innovative financial solutions and fully digital banking services.

## About

TymeBank is a South African digital bank focused on providing accessible and affordable financial services to all South Africans. It operates a unique hybrid model combining digital banking with a network of physical kiosks, allowing for rapid account opening and a low-cost structure. The bank aims to democratize banking by cutting fees and simplifying processes, serving both individuals and SMEs.

## Key facts

- **Slug:** tymebank
- **Website:** https://www.tymebank.co.za/
- **Location:** Johannesburg, South Africa
- **Founded:** 2018
- **Employees:** 1196
- **Operating status:** Active
- **Total funding:** $341M
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/tyme
  - Twitter: https://twitter.com/tymebankza
  - Facebook: https://www.facebook.com/tymebankza

## Frequently asked

### What does TymeBank do?

TymeBank is a South African digital bank focused on providing accessible and affordable financial services to all South Africans. It operates a unique hybrid model combining digital banking with a network of physical kiosks, allowing for rapid account opening and a low-cost structure. The bank aims to democratize banking by cutting fees and simplifying processes, serving both individuals and SMEs.

### What is TymeBank's valuation?

StartupHub estimates TymeBank's effective valuation at $1.2B (range $808.0M to $1.5B, 33% confidence), based on comparable companies in the sector.

### How much funding has TymeBank raised?

TymeBank has raised a total of $341M in funding. The most recent round on record is Series D.

### Where is TymeBank headquartered?

TymeBank is headquartered in Johannesburg, South Africa.

### When was TymeBank founded?

TymeBank was founded in 2018.

### How many employees does TymeBank have?

TymeBank has approximately 1196 people on record.

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