{"id":26966,"date":"2022-08-05T16:03:16","date_gmt":"2022-08-05T16:03:16","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender"},"modified":"2022-08-05T16:13:02","modified_gmt":"2022-08-05T16:13:02","slug":"motsepes-bank-to-buy-sme-lender","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender","title":{"rendered":"Motsepe&#8217;s bank to buy SME lender"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span><b>SOUTH Africa&#8217;s TymeBank has revealed plans to acquire Retail Capital to help the banking start-up backed by South African billionaire Patrice Motsepe accelerate its expansion plans.<\/b><\/p>\n<p>The bank, controlled by Motsepe&#8217;s African Rainbow Capital, will acquire Johannesburg-based Retail Capital, it said in a statement yesterday without disclosing the purchase price.<\/p>\n<p>Retail Capital, which started in 2011, has funded more than 43 000 business owners with over N$5,5 billion (US$329 million) in working capital.<\/p>\n<p>It is reported that the purchase will help TymeBank, which started as a digital lender to individuals, boost business customers.<\/p>\n<p>The bank is said to have more than five million retail clients, and the acquisition, which is subject to regulatory approval, will boost TymeBank&#8217;s business customers by almost half, according to data provided by the two companies.<\/p>\n<p>\u201cThis acquisition will enable TymeBank to expand its offering to entrepreneurs to include working capital finance,\u201d TymeBank chief executive officer Coen Jonker said in the statement.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. SOUTH Africa&#8217;s TymeBank has revealed plans to acquire Retail Capital to help the banking start-up backed by South African billionaire Patrice Motsepe accelerate its expansion plans. The bank, controlled by Motsepe&#8217;s African Rainbow Capital, will acquire Johannesburg-based Retail Capital, it said in a statement yesterday without disclosing the purchase price. Retail Capital, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":26965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-26966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Motsepe&#039;s bank to buy SME lender - Namibia<\/title>\n<meta name=\"description\" content=\"SOUTH Africa&#039;s TymeBank has revealed plans to acquire Retail Capital to help the banking start-up backed by South Afr ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Motsepe&#039;s bank to buy SME lender\" \/>\n<meta property=\"og:description\" content=\"SOUTH Africa&#039;s TymeBank has revealed plans to acquire Retail Capital to help the banking start-up backed by South Afr ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-05T16:03:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-05T16:13:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/08\/postQueueImg_14-62ed417289bac.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Motsepe&#8217;s bank to buy SME lender\",\"datePublished\":\"2022-08-05T16:03:16+00:00\",\"dateModified\":\"2022-08-05T16:13:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender\"},\"wordCount\":175,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/08\/postQueueImg_14-62ed417289bac.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/motsepes-bank-to-buy-sme-lender\",\"name\":\"Motsepe's bank to buy SME lender - 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