GoTyme targets 9M users, Tyme Group raises $250M

GoTyme Bank is aiming to sustain its growth momentum next year as it is set to launch new features, targeting to reach nine million users by the end of 2025.

- By CATHERINE TALAVERA

In a statement yesterday, the bank said it hit its five-million-user milestone in two years since its launch.

"Reaching five million customers in under two years is a testament to the trust that Filipinos have placed in GoTyme Bank. We are both humbled and inspired by the support of our customers," GoTyme Bank CEO Nate Clarke said.

"Looking ahead to 2025, we plan to further accelerate growth with the aim of making banking beautiful for over nine million customers by the end of the year," he added.

GoTyme Bank expects to sustain its rapid growth with new features set to launch in 2025. Among these are consumer credit, crypto trading, remittance, and cash recycler machines.

The bank said the consumer credit products to be launched will cater to various needs, starting with Buy Now, Pay Later, where users can pay for purchases in easy, low-fee payment options that are lighter on the pocket.