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TymeBank completes acquisition of Retail Capital - Hypertext

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TymeBank completes acquisition of Retail Capital

In recent months TymeBank has been looking to expand its reach as it nears the six million customer mark.

in recent months, you will know that the country’s fast-growing digital bank has been looking to rapidly expand into new regions and acquire other companies along the way.announced in AugustAfter fulfilling all regulatory requirements, the deal is valued at R1.5 billion, as TymeBank readies to cross the six million customer threshold later this month. Now work is underway to integrate the two organisations, as well as add new features to the TymeBank stack.

The company adds that there are no immediate plans to rebrand Retail Capital, which will continue to operate as usual.

 

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