digital banks

TymeBank, the South African digital bank owned by African Rainbow Capital (ARC) has announced a $109 million fund raise from investors. It is one of the largest raises by digital banks on the continentTymeBank, the South African digital bank owned by African Rainbow Capital (ARC) has announced a $109 million fund raise from investors. It is one of the largest raises by a digital bank on the continent


No, CowryWise and PiggyVest are not building digital banks - yet
Business, ecosystem, FinTech, Internet, Mobile, News, Products, startups, Technology
5th August 2019

The new features from PiggyVest and CowryWise are designed to help users make transfers to their funds easily; but speculation has been rife about both startups becoming “digital banks”. In reality, neither company has any plans to become a bank at the moment.


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