Profitable African Digital Bank Plots Going Public In USD 15 B IPO
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
GoTyme Bank - In seven years, GoTyme Bank has moved from a kiosk in a grocery store in Johannesburg to Africa's first profitable digital bank. Today, with 21 million customers and a target valuation of $15 billion, Patrice Motsepe's bank is preparing one of the most ambitious stock market introductions the African continent has ever seen. GoTyme Bank aims to leverage $15 billion for its introduction to the stock exchange, ten times its value of …
Profitable African Digital Bank Plots Going Public In USD 15 B IPO
South African-born digital bank GoTyme has accelerated its timeline for a potential public listing, with executives now targeting a three-to-four-year window for an initial public offering that could value the Motsepe-backed fintech at as much as USD 15 B. The shift in timeline marks a significant departure from the bank’s previous guidance of a listing sometime before 2030, Chief Executive Officer Cheslyn Jacobs said in recent remarks, as the l…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
