How fast did TymeBank become profitable compared to other digital banks?

TymeBank became the world's fastest profitable standalone digital bank, achieving profitability significantly faster than competitors like Nubank, which took eight years, and Monzo, which took seven years. This achievement places TymeBank in the top 5 percent of digital banks globally, as fewer than 5 percent of digital banks worldwide are profitable according to a Simon-Kucher study.

What is Tyme Group's annual revenue run rate in 2023?

Tyme Group achieved an annualised revenue run rate of SG $215 million in 2023, driven primarily by its flagship South African operation, TymeBank. This strong financial performance reflects the group's successful digital banking model and rapid customer acquisition across its markets.

How many customers does TymeBank have?

TymeBank has secured 8.5 million customers since its launch in February 2019, making it one of the world's fastest-growing digital banks. Additionally, Tyme's Philippines operation, GoTyme Bank, reached 2.3 million customers in just 14 months of operation.

Tyme Group Becomes World’s Fastest Profitable Digital Bank