This is a Moniepoint news story, published by TechCrunch, that relates primarily to TymeBank news.
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African fintechTechCrunch
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88% Informative
South Africa's TymeBank and Nigeria 's Moniepoint both raising funds at $1 billion .
Both fintechs are taking a hybrid approach to banking, blending convenience of digital banking with real-world, physical touchpoints.
Both companies’ primary aim has been to simplify banking for individuals and businesses in two of Africa ’s largest economies.
TymeBank and Moniepoint are the latest African fintech unicorns to reach unicorn status.
The hybrid model bridges the gap between urban and rural populations by providing financial services in areas where traditional banking infrastructure, a bank or an ATM , is nonexistent or unreliable.
Both companies now provide retail and business banking and have used the hybrid model as the foundation for adding other services.
VR Score
90
Informative language
91
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48
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