News Formal

TymeBank’s finalises R1.5bn acquisition of Retail Capital

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Brasil Notícia Notícia

The Patrice Motsepe-backed lender has received all the necessary regulatory approvals to conclude its acquisition of 100% of Retail Capital

TymeBank, which is set to reach the 6-million-customer mark in December, has finalised the acquisition of SME funder Retail Capital, which will become the rapidly growing digital lender’s new business banking offering.

The Patrice Motsepe-backed bank said in a statement on Tuesday that it had received all the necessary regulatory approvals to conclude its acquisition of 100% of Retail Capital, a fintech company that provides funding to small and medium-sized enterprises . The R1.5bn deal will result in Retail Capital CEO Karl Westvig joining the Tyme Group’s executive committee while also being responsible for TymeBank’s business banking and lending offerings...

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

TymeBank completes R1.5-billion Retail Capital acquisitionTymeBank has announced the conclusion of its deal to acquire fintech company Retail Capital.
Fonte: mybroadband - 🏆 11. / 67 Consulte Mais informação »

TymeBank eyes 6 million customers as it makes big push into business bankingTymeBank has completed its acquisition of Retail Capital.
Fonte: BusinessTechSA - 🏆 24. / 61 Consulte Mais informação »