The recognition highlights organisations demonstrating significant global impact through innovation and scale. Tyme Group joins a list of past honourees. This acknowledges its emergence in retail banking, focusing on serving broader populations rather than exclusively the affluent or urban elite.
Coen Jonker, CEO and Co-Founder of Tyme Group, expressed gratitude for the recognition.
Coenraad Jonker
He stated, “At Tyme, we believe that great retail banking should be available to everyone not just a privileged few. Our ambition is to become one of the top retail banks in every market we serve, by combining intuitive technology with real-world reach. This acknowledgment from TIME recognises that our model of inclusive, population-scale digital banking can be both commercially powerful and socially transformative.”
Tyme Group currently serves over 17 million customers across its operations. TymeBank in South Africa has grown to over 11 million customers.
GoTyme Bank in the Philippines continues to expand, now serving over 6.5 million customers following its acquisition of salary lender SAVii.
Indonesia is Tyme’s next growth market, with a merchant lending platform launched this year and plans for a retail bank entry. Tyme also recently gained a moneylender’s licence in Hong Kong.
Nubank, Tencent, British International Investment, African Rainbow Capital (ARC), Apis, and M&G Catalyst lead a global coalition of investors that now supports Tyme.
Karl Westvig, CEO of TymeBank, commented on the broader significance of being in Time’s list of most influential companies.
Karl Westvig
“Being named one of the 100 most influential companies in the world list isn’t just recognition of our business model,” he said. “It reflects our broader mission to create banking platforms that help people realise their ambitions… We’re building banks that work for everyone, and that vision is resonating across continents.”
Featured image: Edited by Fintech News Philippines, based on image by kues1 via Freepik.
To learn more about the building blocks of how Tyme Group became one the world’s most influential companies, check out our podcast “How to Build a Fintech Unicorn? ft. Coen Jonker Founder, Tyme Group” below:
