Washington, D.C., February 5rd, 2020 –Tyme Global became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome Tyme Global to our network of more than 170 members who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the Forum.
Tyme Global is a solutions company for digital banking in emerging markets, with an expertise in bank - retail solutions development. Tyme Global is now working with clients to launch a network of digital banks as well as licensing our eKYC and customer acquisition technology to other financial institution and retail partners. “Tyme was a member of the SME Finance Forum when we were part of Commonwealth Bank of Australia. Now that we are a separate institution, we see even more benefits for Tyme Global to join. We look forward to participating in events in Asia and Africa, and contributing to the SME finance ecosystem, “ said Rachel Freeman, Executive Director, Business Development of Tyme.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
About Tyme Global
Founded in 2018, TymeGlobal is a multi-country digital banking technology group with expertise in building banks integrated with physical retail distribution networks, focused on consumers and small businesses in emerging markets. TymeGlobal partners with local, in-country entities to launch greenfield digital banks, contributing its cloud-based technology stack, proprietary data analytics using alternative data, hardware, product propositions as well as capital and talent to the joint digital banking ventures. TymeBank in South Africa, a fully licensed bank, is the first digital bank using the ‘high-tech, high-touch’ Tyme platform. TymeBank welcomed 1,000,000 customers in ten months, a record among standalone greenfield digital banks. This was achieved through the combination of TymeKiosks, which enable full account opening and instant card issuance through the digital kiosks in retail stores in 3 minutes with just a thumbprint, and TymeCode, that enables real-time cash withdrawal and deposit at partner retail stores. TymeGlobal is now expanding operations across Asia, the Middle East and Africa.
Media Contact
Carina Carrasco
ccarrasco@worldbank.org
