← Embedded Finance Index 2026

TymeBank

“Can a kiosk-and-app hybrid digital bank scale the emerging-markets mass affordable-banking model globally before its 2028 IPO?”

Founded2015
HQJohannesburg, South Africa (parent Tyme Group HQ in Singapore)
Total raised~$500M+ disclosed
Latest roundSeries D, December 2024
Valuation$1.5B (unicorn)
IndustryFintech / Neobank
The story

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.

Last 12 months
2024-12
2024-12
2025-06
2026-01
Product timeline
2015
Incorporated as TymeBank Limited (originally Commonwealth Bank of South Africa subsidiary)· founding
2017
Granted full banking license by SARB Prudential Authority· banking
2018
Launched as South Africa's first fully digital bank with Pick n Pay kiosk onboarding· banking
2022
Launched credit card and primary healthcare insurance products· lending
2022
Launched MoreTyme buy-now-pay-later (3 interest-free instalments)· lending
2024
Raised $250M Series D led by Nubank at $1.5B valuation — achieved unicorn status· funding
2026
Rebranded TymeBank to GoTyme Bank, aligning with group brand used in Philippines· pivot
Regulated entities
3
regulatory licences held by TymeBank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in TymeBank’s embedded-finance stack
Payments / PSP
PayShap (SA real-time rails, self-operated)Mastercard debit (self-issued)Apple Pay (wallet)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Accounting gap: significant
7 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.