FundedIQ
Financial Services

TymeBank

TymeBank is a black-owned and controlled investment company based in South Africa. It is an exclusively digital retail bank that aims to provide every South African with accessible and affordable banking so that they can take part in, grow, and benefit from the country’s economy.

www.tymebank.co.za Johannesburg, South Africa 51-100 employees
Total raised
$250M
Rounds
1
Latest
Series D
Dec 2024

TymeBank is a black-owned and controlled investment company based in South Africa. It is an exclusively digital retail bank that aims to provide every South African with accessible and affordable banking so that they can take part in, grow, and benefit from the country’s economy.

TymeBank has raised $250M across 1 round. Its most recent round was a Series D of $250M in Dec 2024. Full funding history, investors, and team are detailed below.

Funding history

1 round · 1 visible Unlock with plan

1 round on record.

Date
Round
Amount
Lead investor
Dec 17, 2024
Series D
$250M

Unlock the lead investor and full details for this round.

Unlock funding history →

People

Unlock with plan

Founders, executives, and decision-makers — sourced and refreshed weekly.

Name
Role
LinkedIn

See who runs this company — founders and key execs, with titles and LinkedIn profiles, ready to export.

Unlock people data →

TymeBank is featured in

Similar companies

Traxtion

Traxtion provides full-service rail freight operations, locomotive operations, and leasing services.

Series Unknown $86.0M
Fedgroup

Fedgroup is an independent investment and insurance company investing in smart technology and provides employee benefits and investment plans. Their in-house administration systems respond to their clients needs efficiently and effectively that drives down the cost of their products. The company's investment is backed up by participation bonds that make it secure. Through their finance structure, the company facilitates the ownership of commercial property for business owners or investors who wish to diversify their portfolios. Fedgroup was founded in 1990 and is headquartered in Johannesburg, South Africa.

Series Unknown $30.0M
NjiaPay

NjiaPay is a payment platform that helps African businesses streamline their payment processes, aiming to address the challenges they encounter in navigating the varied and intricate payment landscape on the continent.

Seed $2.1M
Orca Fraud

Africa's first fraud orchestration platform

Seed $2.4M
Lulalend

LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!

Series Unknown $21.3M
TurnStay

TurnStay helps the travel industry significantly decrease payment expenses and enhance conversion rates.

Seed $1.9M
Stitch

Stitch serves as a payments infrastructure firm that expedites the launch and growth of businesses while enhancing their operational efficiency. By utilizing Stitch's payment APIs and tools, businesses from various industries can significantly minimize the effort needed to integrate with the financial system, ultimately providing exceptional user experiences.

Series B $55.0M
Naked Insurance

Naked Insurance is the new generation: effortless, transparent and sincere. Naked Insurance offers short-term retail insurance products.

Series B $37.6M
Sourcefin

Sourcefin is a financial service company that specializes in providing purchase order funding, invoice discounting, loan, and credit services. Their primary focus is on supporting small and medium-sized enterprises (SMEs) to deliver on their promises by improving service delivery. They offer specialized services in purchase order funding, tender funding, and inventory financing. Once an invoice is paid, the remaining amount can be used by the business for growth and expansion. They also have a focus on providing entrepreneurs with a full service suite.

Series Unknown $8.3M
Athena

Athena partners with healthcare professionals to provide patients undergoing medical procedures with the ability to pay in instalments.

Series Unknown $10k
Franc

Franc is a venture application that assists clients with effective money management more. We genuinely think financial planning ought to be open to all. Through Franc clients can put resources into the main currency market and value assets without essentials or limitations. Clients can contribute however much they need when they need. Franc is an authorized, roboadvisor and gives free speculation, objective based exhortation that assists first time financial backers with understanding how much venture risk they can take on. There are no sign up expenses - clients pay an all-in yearly administration charge of 1%. The organization empowers clients to get to, view, share, and deal with their portfolio as well as store and pull out cash from anyplace, whenever.

Series Unknown
Pineapple

In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to remedy these by doing the following: 1) Changing the business model to align incentives, show people how premiums are used and award members leftover premium back 2) Making insuring as easy as snapping a picture where AI does the rest and cover is issued in under 60 seconds 3) Allowing per-item insurance and new product innovation to address cover not currently offered or accessible to many Pineapple launched in South Africa in 2018 with their "My Stuff" per-item insurance and have since launched their auto offering "My Ride". They have also partnered with Travelers in the US and have white-labeled their platform in the US.

Series B $3.7M
Free · Every Monday

Know which startups just got funded. Every week.

Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.

Free. Sent every Monday. Unsubscribe anytime.