TymeBank profitable for the first time ever

[BusinessTech]

TymeBank profitable for the first time ever

TymeBank reaches profitability in under five years.

 

[6spdmanual]

All shiitposting aside - that's impressive. Well done.

 

[Quicks]

“We are extremely proud of our achievement, particularly when you consider that globally, less than half of the top 100 digital banks are profitable. In fact, a recent study stated that less than 5% of all neobanks worldwide had reached profitability.

How is it so many banks run unprofitable for so many years, and manage to stay open. Why do we world even beed so many banks to start with.