South African digital financial institution TymeBank has appointed Karl Westvig as its new CEO, efficient 1 October 2024.
Coenraad Jonker, the present CEO, will give attention to his function as Government Chairman of Tyme Group, overseeing the expansion of the multi-country digital banking group.
Westvig, presently TymeBank’s Chief Government for Retail and Enterprise Banking, brings in depth management expertise in lending and fintech.
He has beforehand based numerous finance corporations, together with RCS Group and Retail Capital, which is now a part of TymeBank.
Jonker, a co-founder of TymeBank, has been CEO for over two years, throughout which the financial institution reached profitability in December 2023.
Valued at almost US$1 billion, TymeBank is without doubt one of the fastest-growing digital banks globally and the primary in Africa to attain profitability.
Tyme Group presently serves 12.5 million prospects.
Karl Westvig
Westvig stated,
“TymeBank’s fast development has been phenomenal, and I’ve clearly joined a gifted staff with a robust basis.
My focus shall be to understand our professed objective of being a prime three financial institution by way of buyer satisfaction, development in buyer numbers and shareholder returns.”
Coen Jonker
Jonker added,
“I’m grateful for what we now have managed to attain collectively at TymeBank. GOTyme Financial institution is already the quickest rising financial institution within the Philippines with three million prospects.
We now have now entered Vietnam with our first product and purpose to be dwell in Indonesia by the tip of the yr. Our ambition is to listing the enterprise in 2028.”
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