“Can a kiosk-and-app hybrid digital bank scale the emerging-markets mass affordable-banking model globally before its 2028 IPO?”
Originally founded inside Commonwealth Bank of Australia as TymeDigital, divested to ARC (Patrice Motsepe) in 2018 and launched as TymeBank — South Africa's first true digital bank, differentiated by Pick n Pay/Boxer retail kiosks for in-person card issuance. Built a lower-income mass-market base, then layered credit (MoreTyme BNPL, personal loans via Sanlam JV), insurance, and SME funding (Tyme Business Advance). The 2024 Nubank-led Series D and 2026 GoTyme rebrand reposition the bank as a global emerging-markets digital banking platform (SA + Philippines, with Indonesia/Vietnam pipeline) heading toward a 2028 IPO.
TymeBank discloses GoTyme Bank Limited (in-house, SARB-licensed full bank) and Tyme Bank Limited (in-house) as its banking providers, according to the Embedded Finance Index 2026.
TymeBank does not disclose a bank charter of its own; its banking services are provided through GoTyme Bank Limited (in-house, SARB-licensed full bank) and Tyme Bank Limited (in-house).
TymeBank processes payments through PayShap (SA real-time rails, self-operated), Mastercard debit (self-issued), Apple Pay (wallet) and Network International.
TymeBank's cards are issued through IDEMIA (card manufacturing/personalization) and Tyme Bank Limited (in-house).
TymeBank's lending and capital products are provided by Mambu.
TymeBank runs its ledger on Mambu.
The Embedded Finance Index 2026 maps 5 layers in TymeBank's stack: Payments / PSP (PayShap (SA real-time rails, self-operated), Mastercard debit (self-issued), Apple Pay (wallet) and Network International); Banking / BaaS (GoTyme Bank Limited (in-house, SARB-licensed full bank) and Tyme Bank Limited (in-house)); Card issuing (IDEMIA (card manufacturing/personalization) and Tyme Bank Limited (in-house)); Ledger (Mambu); Lending (Mambu, MoreTyme (BNPL, 3 interest-free instalments), Tyme Business Advance (merchant cash advance up to R5M), Tyme Personal Loans (Sanlam JV) and 6 others).
TymeBank was founded by Coenraad Jonker and Tjaart van der Walt and is founded in 2015, headquartered in Johannesburg, South Africa (parent Tyme Group HQ in Singapore).
TymeBank has raised ~$500M+ disclosed in total (latest round: Series D, December 2024; valuation: $1.5B (unicorn)).
Get a read on where your own stack stands against TymeBank and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.