GoTyme plans IPO in 3-4 years after doubling scale

Gokongwei-backed lender GoTyme Bank Corp. is eyeing the possibility of going public in the next three to four years.

GoTyme president and chief executive officer Nathaniel Clarke, however, said that the bank is looking to expand the business first before pushing through with an initial public offering (IPO).

“The way we look at it is we think we want to have much greater scale. As a group, we have 20 million customers. We would like to double that, I think, before we list. In terms of the shape of the business, net operating income close to a billion US,” he said in a recent interview.

GoTyme, a venture of the Gokongwei group with TymeBank South Africa, ended 2025 with some 8.3 million users. It aims to add over 3 million this year, with targets to reach around 10 million by July and potentially 12 million by the end of the year.

?Clarke in 2022 said the bank targets to become the country’s top bank in the next five years with 10 million users, with efforts to ramp up onboarding by expanding its kiosk network with partners.

It also rolled out product offerings on cryptocurrency and is set to launch Philippine stocks within the next two weeks, in partnership with DragonFi.

“We think that you have to be a very, very big business to matter for international markets,” Clarke said.

“In terms of appreciating our business model, and because we’re multi-country, it makes sense more to list in New York, in Nasdaq or New York Stock Exchange. The Philippines is not a heavily covered market by analysts and investors, so we think you have to be pretty big,” he added.

In the same interview, Clarke said the bank is on track to turn profitable in 2027. The bank earlier said it targets to be profitable by 2025, but the focus remains on scaling up. —VAL, GMA Integrated News