Financial services firm TymeBank intends to acquire financial technology company Retail Capital for an undisclosed amount, investment management company African Rainbow Capital (ARC) Investments has announced. "The proposed transaction will support TymeBank’s offering to its business banking clients. It will also see Retail Capital’s lending expertise to small and medium-sized enterprises (SMEs) being combined with TymeBank’s deposit base and operations to serve a broader customer base," ARC says.
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