TymeBank eyes listing as valuation nears R20bn
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TymeBank, SA’s first fully digital bank, may list on a major stock exchange in the next four to five years, as its valuation approaches R20bn, its co-founder and CEO Coen Jonker says.
Speaking to Business Day deputy editor Tiisetso Motsoeneng, Jonker said the bank, which launched in 2018 and has attracted more than 8-million customers, is now valued at about $965m (R17bn) after raising $105m in a funding round in recent months.
Business Day Spotlight is a TimesLIVE Production. This podcast is produced by Demi Buzo.
Speaking to Business Day deputy editor Tiisetso Motsoeneng, Jonker said the bank, which launched in 2018 and has attracted more than 8-million customers, is now valued at about $965m (R17bn) after raising $105m in a funding round in recent months.
Business Day Spotlight is a TimesLIVE Production. This podcast is produced by Demi Buzo.
