<\/p>\n
GoTyme Bank has invited all its employees to share ownership in the digital lender controlled by South African billionaire Patrice Motsepe as it seeks to scale up operations.<\/p>\n
Africa\u2019s first profitable standalone digital bank, this week, extended the offer to its 2 000-strong global employee base across all levels of the company and started sessions to educate staff about the new incentive and its potential benefits.<\/p>\n
\u201cWe want our staff to behave like owners,\u201d Chief Executive Officer Cheslyn Jacobs said on the sidelines of an event in Johannesburg Thursday night. \u201cThis business still is in a hyper-growth phase, so we think this is going to make meaningful differences to our people\u2019s lives.\u201d<\/p>\n
ADVERTISEMENT<\/p>\n
CONTINUE READING BELOW<\/p>\n
Majority owned by Motsepe\u2019s African Rainbow Capital Investments, GoTyme Bank has more than 21 million customers in South Africa and the Philippines, where it runs a joint venture with the Gokongwei Group. It\u2019s also backed by China\u2019s Tencent Holdings and has operations in Hong Kong, Indonesia, Vietnam and Singapore.<\/p>\n
The lender was valued $1.5 billion in 2024 after a fundraising round that included a $150 million investment from Latin America\u2019s most valuable financial company, Nu Holdings.<\/p>\n
Jacobs declined to share an updated valuation, saying instead that the business would post a record profit for the year through June and is signing up about 450 000 new clients per month across South Africa and the Philippines.<\/p>\n
While GoTyme is still working toward listing to further fuel its growth, its internal narrative around such a move has changed, Jacobs said.<\/p>\n
\u201cWe\u2019ve publicly said we want to do this before the next decade, but we do talk about it slightly differently now,\u201d he said. \u201cWhat we\u2019ve realised is you struggle to predict these things, so now we talk about being listing-ready from a timeline perspective in three to four years from now. But we\u2019re only going to do it if it makes sense.\u201d<\/p>\n
The lender would consider a listing anywhere globally closer to when it reaches 50 million clients and with \u201cthe right kind of valuation,\u201d Jacobs said.<\/p>\n
\u201cThe last number was $1.5 billion \u2014 10x it. It would be lovely to list at $15 billion. Wouldn\u2019t that be amazing?\u201d he said.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Billionaire #Motsepebacked #bank #employees #shareholders<\/p>\n","protected":false},"excerpt":{"rendered":"
GoTyme Bank has invited all its employees to share ownership in the digital lender controlled…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[200,1406,1190,12096,797],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6368"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6368"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6368\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}