GoTyme Bank, the South African digital bank backed by billionaire Patrice Motsepe, has launched a long-term employee ownership programme for staff across the business, deepening its push to attract and retain fintech talent.
The bank’s CEO Cheslyn Jacobs on Tuesday told TechCabal that employees are participating through a Long-Term Incentive Programme (LTIP) designed to align workers across the digital banking group with its long-term growth and success.
“The programme gives qualifying employees the opportunity to participate in the value created over time and reflects our belief that the people building the business should share in its success,” he said.
The move is part of a broader shift in South Africa’s fintech sector, where employee ownership is increasingly being used to attract and retain talent, moving beyond Silicon Valley-style perks.
In a sector defined by aggressive growth, mounting competition and rising pressure to prove profitability, the digital race is increasingly about keeping the people building billion-dollar businesses invested in the outcome. As digital lenders mature and Initial Public Offering (IPO) ambitions come into focus, equity is fast becoming less of a Silicon Valley pay package and more of a strategic retention tool.
