Daven Tamayo

GoTyme hits 8 million customers, eyes profitability by 2027

Article (news)

Arthur Fuentes

ABS-CBN News

MANILA -- Digital bank GoTyme said its client base has surged to 8 million this year, up from 5 million last year.GoTyme CEO Nate Clarke also said that while the digital bank remains focused on growing its market share, they are also expecting to hit profitability by 2027.&quot;We&#x27;re very much still in a growth phase. We&#x27;re not optimizing for profitability now. What we look at is a growing, engaged customer base,&quot; Clarke said in an interview with reporters.In an interview with ANC last year, Clarke said the bank was looking to be profitable by 2026. But on Wednesday, the GoTyme CEO said the bank is spending heavily to acquire new customers, onboarding around 300,000 new customers a month.<div> </div><div><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1764161627795NATE CLARKE.jpg" style="width:960px" class="fr-fic fr-dib"/>GoTyme CEO Nate Clarke talks about the milestones reached by the digital bank during a gathering with journalists. Arthur Fuentes, ABS-CBN News </div>He said they expect to add more than 3 million customers in 2026, pushing GoTyme&#x27;s customer base to around 11 and 12 million.GoTyme&#x27;s deposits have grown from about $25 million, to $40 million this year, while the loan portfolio has doubled from $3 million to $6 million, Clarke said.&quot;I would say, for 2027, the timeline would be, we would turn more into a focus on profitability,&quot; Clarke said.The bank is focused on delivering innovative new financial services to the market, with a view to broadening financial inclusion, he said.Earlier this month, GoTyme announced a partnership with Visa and GoTyme to accelerate digital payment adoption in the Philippines, South Africa, and future Southeast Asian markets.Under the deal, Visa will bolster GoTyme Group’s regional expansion through enhanced card-issuance programs, co-marketing efforts, digital infrastructure upgrades, and data-driven financial services.

GoTyme expects to add more than 3 million customers in 2026, pushing its customer base to between 11 and 12 million.

GoTyme expects to add more than 3 million customers in 2026, pushing its customer base to between 11 and 12 million.