August 9

Tymebank to Acquire Leading Fintech SME Funder, Retail Capital, as It Bolsters Its Business Banking Offering in South Africa

TymeBank, South Africa’s fastest growing digital bank, is set to bolster its business banking offering with a series of new initiatives, key of which is the proposed acquisition of Retail Capital, an award-winning fintech company that provides funding to small and medium-sized businesses in South Africa. The acquisition, which is subject to regulatory approvals, would see Retail Capital become a division of TymeBank and the foundation of the bank’s expanded business banking offering.

Photo courtesy of WOCinTech Chat.

Source: Tyme Bank (link opens in a new window)

Finance, Technology
financial inclusion, fintech