How did TymeBank become the first profitable digital bank in Africa?
Replied byCoen Jonker
Founder & CEO at Tyme Group
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: Singapore
Started: 2012
We maintained a dogged focus on automation throughout the business to keep operational costs low. However, we also learned that you cannot build a sustainable, inclusive bank by serving only low-income customers. We expanded our services to mass affluent customers and built excellent credit lending capabilities to drive profitability.
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