GoTyme Bank Revenue, Valuation, Funding & Investors

GoTyme Bank is valued at $680M as of October 2024, a 21.9x multiple on its last reported $31M revenue.

Last GoTyme Bank valuation

$680M

Secondary · Oct 2024

Last GoTyme Bank funding round

$14M

Undisclosed stage · Jul 2026

GoTyme Bank revenue

$31M

Secondary · Oct 2024

Key investors in GoTyme Bank

GoTyme Bank Overview

About GoTyme Bank

GoTyme Bank is a Manila-based digital bank licensed by the Bangko Sentral ng Pilipinas, offering instant account opening via app without physical branches. Services include P2P transfers through InstaPay, bill payments to over 1,000 merchants, and savings accounts with up to 4% interest. Users access QR code scanning for retail purchases and micro-investments in mutual funds. Launched in 2022 through a partnership with Robinson Retail Holdings, it has onboarded 2 million customers in its first year.


Founded

2021

HQ

PhilippinesManila

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$31M (Oct 2024)

Valuation

$680M (Oct 2024)

GoTyme Bank Valuation

GoTyme Bank is currently valued at $680M, based on its secondary sale in October 2024.

The $16M round was led by Giga Investment and GoTyme Financial.

GoTyme Bank valuation by funding round

GoTyme Bank valuation by funding round
DateStageValuationRevenue Multiple
Oct 2024Secondary$680M21.9x

GoTyme Bank Revenue

GoTyme Bank's latest recorded revenue is $31M, as of its secondary sale in October 2024. At a $680M valuation, that implies a 21.9x revenue multiple.

GoTyme Bank revenue by funding round

GoTyme Bank revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2024$31M$680M21.9xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

GoTyme Bank Funding History

GoTyme Bank has raised a total of $24M across 2 funding rounds, plus 1 secondary share sale.

GoTyme Bank's first fundraising round was a $10M Series A in April 2025. The most recent completed round was a $14M undisclosed-stage round in July 2026.

GoTyme Bank funding rounds

GoTyme Bank funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Undisclosed stageJG Summit Holdings (lead); Tyme Investments (lead)$14M-GoTyme Bank raised $13.9 million in fresh capital from its parent firms JG Summit Holdings and Tyme Investments on July 6, 2026, boosting its total growth equity to accelerate expansion and roll out advanced lending solutions. This capital injection follows the strategic buyout of Bank of the Philippine Islands' (BPI) 15% minority stake by JG Summit and Tyme Group, valued at approximately P902.47 million ($16.3 million), which re-established JG Summit as the largest shareholder and removed a potential conflict of interest. The deal structure involved GoTyme Financial Pte. Ltd. acquiring 744,099,587 shares and Giga Investment Holdings Pte. Ltd. acquiring the remaining 7,956,703 shares of BPI's 752,056,290 common shares. Strategically, the funding supports GoTyme's journey to become the number one bank in the Philippines, leveraging its rapid growth of 3 million users within 17 months post-launch and its merger with Robinsons Bank in January 2024. GoTyme Bank, a venture between Gokongwei-led JG Summit Holdings and Tyme Group, focuses on payroll-enabled financial products, having recently acquired salary lender SAVii to deepen its salary lending capabilities. The company's international backer Tyme Group recently secured a $250 million Series D investment at a $1.5 billion valuation, solidifying its unicorn status and providing additional capital strength for GoTyme's Philippine operations.
Apr 2025Series ATyme Investments (lead); JG Summit Holdings$10M-GoTyme Bank is a digital bank in the Philippines, operating as a joint venture between JG Summit Holdings' Gokongwei Group and Tyme Group since October 2022. It has grown rapidly, reaching 3 million users and PHP 17.3 billion in deposits by August 2024, 5 million customers by end-2024, 8 million Visa debit card users, and P43 billion in customer deposits in 2025. The bank achieved profitability by end-2024 and saw a 150% year-on-year increase in payment volume in 2025. Tyme Group, GoTyme Bank's major shareholder, completed a $250 million oversubscribed Series D round in December 2024 led by Nubank ($150M), with M&G Catalyst Fund ($50M) and existing shareholders including the Gokongwei Group ($50M), achieving a post-money valuation of $1.5 billion and unicorn status. The Series D funds support Tyme Group's expansion into Vietnam and Indonesia, driving GoTyme to profitability within 18 months, and strengthening its South African operations toward top-three retail bank status, with potential IPO by 2028.
Oct 2024SecondaryGiga Investment (lead); GoTyme Financial (lead)$16M$680MGoTyme Bank is a Philippine digital bank focused on customer-centric innovation and expansion in deposits and lending. In March 2024, GoTyme Financial Pte. Ltd. and Giga Investment Holdings Pte. Ltd. agreed to acquire a 15% stake in GoTyme Bank from Bank of the Philippine Islands for PHP 900 million at PHP 1.2 per share, implying a full valuation of PHP 6 billion. The transaction, approved by BPI's board on March 20, 2024, and later by BSP, eliminated BPI's ownership to address conflicts from overlapping products. Post-sale, GoTyme Financial held approximately 744.1 million shares and Giga Investment 8 million shares. By December 2024, GoTyme Bank reported a deposit base of PHP 25 billion and total loan portfolio of PHP 5.1 billion, ranking as the second-largest digital bank per BSP metrics. The bank ranked Top 2 in Visa debit gross transaction value and monthly app downloads, and Top 4 in monthly active users and InstaPay outbound volume by year-end. Its major shareholder Tyme Group reached unicorn status in late 2024 with a USD 1.5 billion valuation after a USD 250 million Series D led by Nubank.

Who has invested in GoTyme Bank?

4 investors have backed GoTyme Bank across its funding rounds, including JG Summit Holdings, Tyme Investments, Giga Investment and GoTyme Financial.

Lead investors include JG Summit Holdings, Tyme Investments, Giga Investment and GoTyme Financial.


GoTyme Bank Investors

Investors in GoTyme Bank by funding rounds participated
InvestorHQRoundsRoleFirst check
JG Summit HoldingsPhilippinesManila2LeadApr 2025
Tyme InvestmentsSouth AfricaJohannesburg2LeadApr 2025

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Acquisitions by GoTyme Bank

GoTyme Bank has acquired 1 company to date.

Last acquisition by GoTyme Bank was on May 7th 2024. GoTyme Bank acquired SAVii for undisclosed valuation.


Latest Acquisitions by GoTyme Bank

SAVii
Description
SAVii is a Philippines-based HR platform offering salary-linked wellness services encompassing mental health support, financial coaching, and professional development programs. Enables HR leaders to deliver comprehensive employee benefits through integrated 360-degree solutions.
HQ CountryPhilippines
HQ City
Manila
Deal Date7 May 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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GoTyme Bank Competitors

GoTyme Bank competitors include listed companies like PicPay, Wise and PayPay, and private ones like Zolve, Chipper Cash and Cashtopia LLC.

Public and private companies comparable to GoTyme Bank
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ZolveIndiaBangalorePrivate$25M-$800M32.0x
PicPayBrazilBrazilPublicly listed$1.2B$205M$1.2B0.5x
Chipper CashUnited StatesSan Francisco, CAPrivate$75M-$1.3B16.7x
Cashtopia LLCUgandaKampalaPrivate--$248M-
WiseUnited KingdomUnited KingdomPublicly listed$2.7B$631M$12B4.2x
PayPayJapanJapanPublicly listed$2.4B$746M$12B4.4x

GoTyme Bank Public Comps

GoTyme Bank is still privately-owned, but its public comps include Bank Jago, Green Dot, Cash Plus, Rhino Bitcoin, Judo Bank, Morrow Bank, Wema Bank, Valu, Forbright Bank and Superbank Indonesia.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bank Jago$145M-5.1x3.7x--
Green Dot$2.1B($12M)0.4x0.3x(63.9x)4.2x
Cash Plus$188M$57M2.7x5.0x9.0x7.8x
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
Judo Bank$368M-2.2x2.1x--
Morrow Bank$137M-3.7x2.9x--
Wema Bank$312M-2.8x---
Valu$108M$22M4.1x7.0x20.2x-

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Common questions about GoTyme Bank

When was GoTyme Bank founded?GoTyme Bank was founded in 2021.
Where is GoTyme Bank headquartered?GoTyme Bank is headquartered in Manila, Philippines.
Is GoTyme Bank publicly listed?No, GoTyme Bank is a private, VC-backed company.
What is GoTyme Bank's valuation?GoTyme Bank was last valued at $680M in its secondary sale in October 2024.
How much funding has GoTyme Bank raised?GoTyme Bank has raised $24M across 2 funding rounds.
What was GoTyme Bank's last funding round?GoTyme Bank's last funding round was a $14M undisclosed-stage round in July 2026, led by JG Summit Holdings and Tyme Investments.
Who are GoTyme Bank's investors?GoTyme Bank's investors include JG Summit Holdings, Tyme Investments, Giga Investment and GoTyme Financial.
What is GoTyme Bank's revenue?GoTyme Bank's latest recorded revenue is $31M (October 2024).
What is GoTyme Bank's revenue multiple?GoTyme Bank's latest valuation implies a 21.9x revenue multiple ($680M valuation on $31M of revenue).
Which companies are comparable to GoTyme Bank?Companies comparable to GoTyme Bank include Zolve, PicPay, Chipper Cash, Cashtopia LLC, Wise and PayPay.
How many companies has GoTyme Bank acquired?GoTyme Bank has acquired 1 company, including SAVii.

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