NEWS | Chronos Capital

News and Media Releases

04/11/2025

Optasia

Optasia debuts on the JSE

Largest fintech listing since 2018.

Dubai-based fintech group Optasia officially listed on the JSE on Tuesday following an initial public offering (IPO) priced at R19 per share – the top of its announced range. The offering raised R6.5 billion and was several times oversubscribed, implying a market capitalisation of R23.5 billion based on 1.23 billion ordinary shares in issue

20/10/2025

Optasia

Announcement Regarding A Strategic Investment In Optasia By Firstrand

Optasia today announces that FirstRand, through one of its group companies, has entered into a definitive agreement with certain Optasia shareholders to acquire, on a fully diluted basis, 20.1% of the Ordinary Shares in the Company.

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20/10/2025

TymeBank

‘Unicorn’ TymeBank to rebrand next year - change its name to GoTyme in the first half of 2026.

The South African TymeBank is set to follow a similar branding as the Filipino GoTymeBank and change its name to GoTyme in the first half of 2026.

TymeBank said that it is evolving its brand to reflect its growth, maturity and focus on customers across a wider economic spectrum.

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08/10/2025

Optasia

AI fintech Optasia targets South Africa’s biggest IPO in a year

Optasia is seeking to capitalise on a 30% advance in South Africa’s benchmark stock index and the frenzied demand to own stakes in AI-powered companies.

13/08/2025

Crossfin

Nedbank to acquire fintech iKhokha for R1.65bn

Nedbank Group has entered into an agreement to acquire 100% of South African fintech company iKhokha Proprietary Limited for approximately R1.65 billion in cash, subject to certain adjustments at conclusion.

07/07/2025

Rain

rain launches a new way to connect. It’s a loop.

Introducing the loop, a new way to connect your Wi-Fi, your music and your world. And it's exclusive to rain.

26/06/2025

Tyme Group

Tyme Group named one of TIME’s 100 most influential companies of 2025

South African-born digital banking pioneer Tyme Group has been named one of TIME’s 100 Most Influential Companies for 2025, a global honour that recognises organisations making an extraordinary impact through bold innovation and transformative scale.

23/05/2025

Crossfin

Crossfin plots global fintech push with UAE deal and Singapore launch

South African fintech investor Crossfin is expanding its investment beyond African borders, starting with the Middle East’s Unitey and a new Singapore base.

17/12/2024

TymeBank

TymeBank Becomes a Unicorn

Multi-country digital banking group Tyme today announced its Series D capital raise, which secured a total of US$250 million in funding. Significantly, Nubank, one of the world’s largest digital financial service platforms, with over 110 million customers, has joined its shareholder base, along with M&G’s Catalyst as the second new shareholder.

8/2/2023

Standard Bank

AI Capital Launches Singapore Flagship Fund Investing in Companies Leveraging AI for Growth

Artificial Intelligence has ushered in a new and exciting phase of technology, where the presence of AI will become ubiquitous, indispensable and powerful across our modern world. Whilst AI will result in the revolutionary acceleration of technology and transformation of industries, AI equally holds the promise of positive social impact throughout Asia, Africa and other emerging markets.

22/1/2023

A.M.C. Sy

GoTyme sees sustained customer growth

GOTYME BANK expects its customer base to continue growing amid increased demand for digital financial services and as it leverages partnerships.

8/11/2022

Jana Scheepers

TymeBank International secures $180m investment from Tencent and CDC Group

TymeBank International has received $180m from Tencent and the CDC Group to complete its Series B capital raise, which is intended to enhance the growing presence of TymeBank in South Africa, with GOTyme, another branch in the Philippines.

6/11/2022

GARTH THEUNISSEN

TymeBank finalises R1.5bn acquisition of Retail Capital

The Patrice Motsepe-backed lender has received all the necessary regulatory approvals to conclude its acquisition of 100% of Retail Capital.

28/9/2022

Company Report

GoTyme Bank: bringing financial inclusion to the Philippines

President and CEO Nate Clarke and co-CEO and Chief Commercial Officer Albert Tinio explain how GoTyme Bank is bringing digital banking to the Philippines.

24/9/2022

MST Tech

GoTyme Bank brings better financial solutions for Filipinos

#itsGoTyme as the Gokongwei Group partners with Singapore-based Tyme Group to launch financial solutions that are designed to offer Filipinos with a high-quality banking experience.

17/9/2022

Hanno Labuschagne

South Africa's mobile network operators reveal big plans for 5G rollouts

Three out of South Africa's five major cellular operators have 5G networks and are rapidly growing their coverage.

13/9/2022

Samuel Mungadze

TymeBank takes financial tech to township

Digital-only bank TymeBank is broadening its reach, taking financial technology to township businesses through a partnership with a chain of spaza shops, Khona La Local Stores.

5/9/2022

Hanno Labuschagne

TymeBank beats Discovery and Bank Zero in digital bank comparison

South Africans have three banks to choose from that don't require visiting a branch to open an account or perform a variety of everyday transactions — Bank Zero, Discovery Bank, and TymeBank.

26/8/2022

iKhokha

5 ways the new iKhokha smart card machine will shake up fintech

iKhokha has launched a new smart card machine. Built to last, with innovative tech, it's a long-term investment for any business owner.

16/8/2022

Ephraim Modise

Rain is planning to make a push for mobile 5G next year

South African data-only mobile network operator Rain is launching a mobile 5G product in early 2023, according to Johan van Zyl, co-CEO of shareholder African Rainbow Capital (ARC).

14/8/2022

Admire Moyo

Rain extends 5G network to cover 7m households

Data-only network Rain, which pioneered 5G connectivity in South Africa, now covers seven million households with the next-gen connectivity technology.

13/8/2022

Myles Illidge

Rain will be “player of note” in fixed and mobile broadband

Rain intends to be a “player of note” in South Africa’s fixed and mobile broadband market, according to African Rainbow Capital (ARC) co-CEO Johan van Zyl.

4/7/2022

Staff Writer

Coen Jonker discusses TymeBank’s growth in business banking

He has vast experience across fields like retail banking, fintech, and deal-making – both in South Africa and across several Asian markets.

4/7/2022

Anton Gaylard

TymeBank to acquire fintech firm Retail Capital

Challenger South African digital bank TymeBank on Wednesday announced that it is acquiring Retail Capital, a fintech company that offers finance to small and medium enterprises.

3/7/2022

Staff Reporter

TymeBank to acquire fintech firm Retail Capital

Challenger South African digital bank TymeBank on Wednesday announced that it is acquiring Retail Capital, a fintech company that offers finance to small and medium enterprises.

1/6/2022

Anton Gaylard

Crossfin Technology Holdings acquired by a consortium of investors in a ZAR1.5bn deal

Fintech company Crossfin Technology Holdings (“Crossfin”) acquired by a consortium of investors in a ZAR1.5bn transaction (the “Transaction”).

7/11/2022

Eyenuk, Inc.

Eyenuk Launches EyeArt AI System in South Africa in Collaboration with Discovery Health

LOS ANGELES, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Eyenuk, Inc., a global artificial intelligence (AI) medical technology and services company and the leader in real-world applications for AI Eye Screening™ and AI Predictive Biomarkers™

7/11/2022

Technology News

Tencent And UK-Based CDC Group Takes A R1 Billion Bet On TymeBank And Tyme

Patrice Motsepe-backed ARC Investments today announced that TymeBank South Africa (TymeBank) and Tyme Global have completed a $70 million or R1.1 billion Series B capital raise.