GoTyme Bank
SA's digital MCA leader. Over R12bn disbursed to 80,000+ SMEs via TymeBusiness Advance, Retail Capital Cash Advance, and EasyAdvance (Payfast partnership).
GoTyme / Tyme Business is the specialist MCA leader and the low-fee transactional-account default for SA SMEs. If you have card turnover and need cash in 24-48 hours, it competes directly with Merchant Capital, FNB Cash Advance and Lula — usually with zero monthly fees. But if you need a term loan or asset finance, look elsewhere.
About GoTyme Bank
TymeBank rebranded to GoTyme Bank in January 2026, but SME products are still delivered under Tyme Business and Retail Capital (a division of TymeBank). Cumulatively >R12bn disbursed to 80,000+ SMEs, driven by the R1.5bn Retail Capital acquisition in December 2022. Products: Everyday Business / Everyday Business Plus Account (zero monthly fees, free debit card, free online and bulk payments, opened in under 5 minutes, sole proprietors or CIPC-registered entities, free TymePOS with next-day settlement vs industry 7-day — does not accept incoming international payments), TymeBusiness Advance (flagship MCA — lump-sum purchase of future receivables, up to ~80% of monthly card/EFT turnover, flat factor fee with no interest and no early-settlement penalty, eligibility trading ≥3 months with monthly turnover ≥R20,000, offers appear automatically in the app, funds disbursed within 24 hours, cancellable within 7 days), Retail Capital Cash Advance (external merchants — R10k to several million rand, unsecured, 24-48 hour funding, embedded with Nedbank, Payfast, Standard Bank partnerships), EasyAdvance (co-branded MCA for Payfast merchants, 3-12 months, flat fee). Not offered: traditional term loans, business overdrafts, business credit cards, asset/equipment/property finance, invoice factoring.
Is GoTyme Bank a fit?
Typically fits
Fast-moving merchants and informal-to-formal SMMEs needing quick, unsecured working capital priced as a flat fee rather than interest. Sole proprietors wanting a zero-fee transactional account.
Probably not a fit if
SMEs needing traditional term loans, overdrafts, asset / property / equipment finance, invoice factoring, or international receipts — Tyme doesn't offer any of those.
Products
TymeBusiness Advance
Revenue-basedLump-sum purchase of future receivables (not a loan). Up to ~80% of monthly card / EFT turnover. Flat factor fee, no interest, no early-settlement penalty. Trading ≥3 months, monthly turnover ≥R20k. Funds within 24 hours; cancellable within 7 days.
- Rate
- Flat factor fee (no APR)
- Speed
- 24 hours
- Term
- 3-12 mo
Best for: Fast-moving merchants and informal-to-formal SMMEs needing quick unsecured working capital priced as a flat fee rather than interest.
Apply directly with GoTyme BankFunding types GoTyme Bank covers
FAQ
Is GoTyme Bank a registered credit provider in South Africa?+
GoTyme Bank operates in the South African SME lending market. For specific regulatory status (NCR registration, FSP licence), check their website or the regulator's public register.
How fast can GoTyme Bank fund a business?+
Decision times depend on the specific product and your documentation. Frank shows typical speed per product, your specific application can go faster or slower based on the docs you have in hand.
What documents does GoTyme Bank need?+
Standard SA lender paperwork: last 3-6 months of bank statements, CIPC company documents, director IDs, and, depending on size, latest financials or management accounts. Frank surfaces the exact requirements per product before you apply.
Why apply via Funded by Frank rather than directly?+
Same rates, same application, but Frank walks you through it and compares GoTyme Bank to alternatives before you commit. If GoTyme Bank isn't the right fit, Frank points you at the better option.
Does Funded by Frank charge me to apply?+
No. Frank is free for businesses. We earn a referral fee from GoTyme Bank only if your application lands, that doesn't change the rate or terms you get from them.
Not sure if GoTyme Bank is the right fit? Let Frank walk you through the options.
Answer a few quick questions about your business and Frank will show the funding shapes that typically fit, with the lenders who offer them.
See your funding options