South African digital banking leader TymeBank announced Cheslyn Jacobs will become its next chief executive officer starting January 1, 2026. Jacobs replaces Karl Westvig after holding senior roles at parent company Tyme Group since 2012. The Johannesburg-based bank, valued at approximately twenty-seven billion rand and backed by billionaire Patrice Motsepe, serves 8.5 million customers primarily through retail kiosks and mobile applications.
Jacobs previously served as chief commercial officer and head of sales and services for the organization. His appointment marks the fourth leadership change at TymeBank since 2022 as the fintech firm pursues international growth and a potential Nasdaq stock exchange listing. Jacobs holds a Bachelor of Commerce degree in industrial psychology and a postgraduate diploma in business management. He will guide the bank's expansion across Africa and Asia while maintaining its focus on affordable financial services for underbanked populations. TymeBank operates without physical branches, offering accounts, loans, and insurance products through partnerships with retailers like Pick'n Pay.
Jacobs previously served as chief commercial officer and head of sales and services for the organization. His appointment marks the fourth leadership change at TymeBank since 2022 as the fintech firm pursues international growth and a potential Nasdaq stock exchange listing. Jacobs holds a Bachelor of Commerce degree in industrial psychology and a postgraduate diploma in business management. He will guide the bank's expansion across Africa and Asia while maintaining its focus on affordable financial services for underbanked populations. TymeBank operates without physical branches, offering accounts, loans, and insurance products through partnerships with retailers like Pick'n Pay.
