TymeBank (South Africa): Africa's newest unicorn at a $1.5B valuation
Asili AfricaPlay episode
Show notes
A branchless digital bank backed by Patrice Motsepe's African Rainbow Capital set out to crack South Africa's big-four banking oligopoly by signing up customers at supermarket kiosks — became the country's only black-owned, black-controlled commercial bank, reached profitability, and in Dec 2024 drew a $250M cheque led by Brazil's Nubank to become Africa's newest unicorn at a $1.5B valuation
