GoTyme Bank, a partnership between the Gokongwei Group and Tyme, is on a fast track to transforming the Philippine banking landscape. Backed by significant investments, the bank has now achieved global unicorn status, with a valuation of $1.5 billion.
This milestone was driven by a $150-million investment from Nubank, the world’s largest digital bank, and a $100-million infusion from global investment firm M&G. These developments underscore growing confidence in GoTyme’s potential to lead the retail banking sector in the Philippines.
Lance Gokongwei, a prominent businessman and key figure behind the bank, expressed optimism about GoTyme’s future. “Yes, unicorns do exist! This brings GoTyme closer to its plans to become the largest and most loved retail bank in the Philippines,” Gokongwei said, extending gratitude to the bank’s 5 million customers for their trust.
The year 2024 has been pivotal for GoTyme Bank. The institution earned the top spot in customer experience rankings, as assessed by the Singapore Economic Development Board and Forrester, further cementing its reputation for excellence.
With its growing customer base, strong investor backing, and commitment to innovation, GoTyme Bank is poised to redefine retail banking in the Philippines while solidifying its position as a major player on the global stage.
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