📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
MILESTONE | South Africa’s TymeBank Announces Profitability – A Rare Milestone For a Digital Bank in Africa
TymeBank, a leading digital South Arican bank, announced its attainment of profitability in December 2023, making it the first digital bank to break even in South Africa and the entire continent within five years of its launch in February 2019.
“Less than half of the top 100 digital banks are profitable, and less than 5% of all neobanks worldwide have reached profitability. Our success, reaching profitability in less than five years, is a South African success story that our 8.5 million customers can share with pride,” said Coenraad Jonker, CEO of TymeBank.
TymeBank, which raised $77.8 million in a pre-Series C funding round in 2023, has experienced rapid year-on-year growth of approximately 30% in its lending portfolio, driven by Merchant Cash Advance, which is now financing over 50,000 SMEs across the country.
have also contributed to TymeBank’s success.
TymeBank also lauds its ability to consistently introduce innovative products and services, including:
Dr. Patrice Motsepe, Founder and Chairman of major shareholder, African Rainbow Capital (ARC), emphasized the bank’s commitment to offering quality banking services to all South Africans and praised its unique proposition that continues to disrupt and transform the banking sector.
Looking ahead, Coenraad Jonker stated,
“We believe that we are now perfectly aligned with our goal of becoming one of the top three retail banks in the country. This ambitious target is our next measurable benchmark for success.”
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