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South African Challenger Bank Tymebank Raises $77.8M From Norrsken22 And Blue Earth Capital

PRIVATEMay 23, 2023

Amount Raised

$77.8 Million

Round Type

Funding Round

JohannesburgFinancial Services

Investors

Retail CapitalFintechEthos Ai FundAfrican Fig TreeJG Summit HoldingsApis Growth Fund IiBritish International InvestmentAfrican Rainbow CapitalTencentBlue Earth CapitalNorrsken22

Description

South African digital banking platform Tyme has raised $77.8 million in a pre-Series C round led by African-focused growth stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital. TymeBank expects to close its Series C round later this year, it said in a statement.

Quick answer

TymeBank raised $77.8 Million in a Funding Round round, dated May 23, 2023. Investors: Retail Capital, Fintech, Ethos Ai Fund, African Fig Tree, JG Summit Holdings, Apis Growth Fund Ii, British International Investment and African Rainbow Capital. TymeBank is based in Johannesburg, Gauteng, South Africa.

How much did TymeBank raise?
TymeBank raised $77.8 Million in a Funding Round round on May 23, 2023.
Who invested in TymeBank?
Retail Capital, Fintech, Ethos Ai Fund, African Fig Tree, JG Summit Holdings, Apis Growth Fund Ii, British International Investment and African Rainbow Capital are named as investors in this round.
What does TymeBank do?
We’re a digital bank founded on simplicity, transparency and affordability.
Where is TymeBank based and how big is it?
TymeBank is based in Johannesburg, Gauteng, South Africa.
Who are the decision-makers at TymeBank?
Fundz holds 3 contacts at TymeBank, including the Head of Growth. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as TymeBank that raised within 45 days of this round, from Fundz verified event records.

  • Dougs raised $27M (Funding Round) on July 5, 2023.
  • Leverage Edu raised an undisclosed amount (Funding Round) on July 3, 2023.
  • Iink raised $13M on July 3, 2023.
  • Streamex Corp. raised $1.7M (Seed) on June 30, 2023.
  • OfColor raised $2M (Seed) on June 30, 2023.
  • Ascent Solar Technologies raised $900K (Seed) on June 29, 2023.

Who to call at TymeBank, and when

A new round usually means TymeBank is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day TymeBank raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at TymeBank, from your own LinkedIn network

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Company Information

Company

TymeBank

Location

Johannesburg, Gauteng, South Africa

About

We’re a digital bank founded on simplicity, transparency and affordability. TymeBank’s majority shareholder is African Rainbow Capital, a fully black-owned and controlled investment company, making TymeBank the first majority black-owned retail bank in South Africa. Our business is designed and run around three key principles: We believe that every South African has the right to accessible and affordable banking so that they can take part in, grow and benefit from the country’s economy. We believe in the potential of people in this country. We have designed our products, services and tools to help individuals, businesses and communities achieve everything we know they’re capable of. We constantly look for ways to empower South Africans to take back control of their money. By helping them understand how money really works and giving them a transaparent view of their own financial situation, we make it easier for our customers to make decisions today that translate into a secure financial future. www.tymebank.co.za

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Fundz sees it the moment TymeBank raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsJarred D., Head of Growth hidden hiddenSee plans and pricing
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TymeBank raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.