Miguel Armaza sits down with Coen Jonker, Government Chairman and Co-founder of Tyme, a digital banking enterprise working in South Africa and the Philippines. Tyme’s flagship mission is TymeBank in South Africa, which was launched in February 2019 and has since grown to over three million prospects in simply over two years. An unimaginable development!
On this episode, you’ll hear:
- Coen’s background and why he’s at all times been within the transformative potential of enterprise for financial inclusion
- The TymeBank story and why Coen and his co-founders determined to launch banking options for the unbanked in South Africa
- Determination behind launching a hybrid banking mannequin, integrating the digital financial institution into retail environments
- Scaling to three million shoppers in 2+ years
- Tales from a troublesome fundraising journey and the way their largest shareholder come to be a gaggle of peculiar residents and group teams in South Africa
- Worldwide enlargement to Southeast Asia
- Entrepreneurial classes for founders in rising markets
- And much more!
Coen Jonker
Coen Jonker is the Government Chairman and Co-founder of Tyme, a digital banking enterprise working in Africa and Asia. Tyme’s flagship mission is TymeBank in South Africa. It was launched in February 2019 and has since grown to over three million prospects making
TymeBank one of many fastest-growing neobanks worldwide.
Coen started his profession with Edward Nathan Company Legislation Advisers (now ENS) in 1996 and have become its CEO in 2000. In that 12 months, he additionally joined the Nedcor Funding Financial institution government committee.
In 2005, he left authorized follow to affix Normal Financial institution as Director of Group Banking. There he led a method to increase banking to underserved customers, including digital channels and greater than 1,000,000 further prospects to the financial institution. In 2011, he moved to Deloitte as a Associate within the technique and innovation follow.
In June 2012, Tyme was spun out of Deloitte as a brand new enterprise. The enterprise was acquired by the Commonwealth Financial institution of Australia (CBA) in January 2015, after which Coen moved to Hong Kong to steer CBA’s digital initiatives throughout Asia. In 2017 he was appointed Group Government at CBA, accountable for its worldwide retail banking and insurance coverage enterprise. On the finish of 2018 Coen partnered with African Rainbow Capital (ARC) to purchase the Tyme enterprise from CBA.
He holds an MBA from GIBS and two regulation levels with honours. He has held a number of Board positions, together with eBank Namibia, Vietnam Worldwide Financial institution and PT Financial institution Commonwealth in Indonesia, which he chaired till December 2018.
Full interview → Spotify | Soundcloud | Apple
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Tosin Eniolorunda, Founder & CEO of TeamApt — Delivering Monetary Happiness
Yoco Co-Founder, Carl Wazen — Revolutionizing South Africa’s Digital Funds
SoftBank COO Marcelo Claure — Investing, Dreaming Large, and the Golden Period of Entrepreneurship!
Y Combinator’s Michael Seibel & Dalton Caldwell — Classes from 5000 Entrepreneurs
Creating an African Fintech Big — Olugbenga Agboola, Co-Founder & CEO of Flutterwave
Pioneering Angel Investing in Africa — Tomi Davies
Breaking Foreign money Borders with Prajit Nanu, CEO and Co-Founding father of NIUM
Enabling E-Commerce Throughout Africa with Daniel Yu, Founder/CEO of Sokowatch
Miguel Armaza is Co-Host of the Wharton Fintech Podcast and Co-Founding father of Gilgamesh Ventures, a seed-stage funding fund centered on fintech within the Americas.
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