Company Information

Get to know TymeBank

TymeBank is one of South Africa's leading digital banks, built on the mission to provide financial inclusion to all South Africans. Officially launched in 2019, it was the first digital-only bank to be granted a commercial banking license by the South African Reserve Bank. The bank operates with a low-cost model, leveraging a hybrid of digital channels and physical kiosks located in major retail stores like Pick n Pay and Boxer. This allows for easy and accessible customer onboarding and basic banking services, targeting the country's unbanked and underserved populations with products like transactional accounts, savings tools, and unsecured lending.

Industry

Financial BankingPRIMARY
Financial Other Service
Financial Payment

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TymeBank

South Africa

Founded in

2012 (14 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

3/10

Reviews

46/90

11 reviews

Provided by TrustFinance

OVERALL SCORE

Others

3/10

Reviews

46/90

11 reviews

Provided by TrustFinance

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.