Exclusive: TymeBank to launch in Indonesia as it continues Southeast Asia focus
- TymeBank plans to launch in Indonesia by the end of 2024, focusing on offering its lending product to SMEs.
- The company sees a significant opportunity in the small business lending space in Indonesia and the region.
- TymeBank aims to reach 10 million customers in South Africa and 5 million in the Philippines by October 2024.
TymeBank's expansion into Indonesia and its focus on offering lending products to SMEs presents a significant growth opportunity. With a large number of SMEs and limited access to traditional financing in Indonesia, TymeBank can tap into an underserved market. The company's successful customer base growth in the Philippines also demonstrates its potential for expansion in Southeast Asia.
