African startups need financial backing for global ambitions, says VCs
Investors stress the need for funding and market knowledge for African startups to scale globally. African startups are expanding into Southeast Asia and North Africa.
Investors Up Their Bets As SA’s Top Digital Bank Invades Asian Markets
TymeBank achieved profitability in December 2023. ARC injected an additional ZAR 169 million into TymeBank.
TymeBank gets $9.5M investment amid 59% deposit growth and improved merchant credit
TymeBank secured R169 million investment from African Rainbow Capital. Deposits grew by 59% to R6.5 billion.
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.
Fintech: The digital key to spotting new markets
M-Pesa's transactions accounted for 87% of Kenya's GDP, lifting 2% of households above the poverty line. Fintech platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, driving financial inclusion and economic growth.
