GoTyme Bank, one of the fastest growing banks in the country, is set to propel the expansion of its payroll-enabled financial products through the recent acquisition of SAVii by GoTyme’s major shareholders.
SAVii is the largest fintech salary lender in the Philippines. Founded in 2017 by its CEO Liam Grealish with Benoit Portoleau-Balloy and Javier Frasseto, SAVii (previously known as Uploan) has become the market leader for salary lending with a loan book of over P3 billion.
Serving more than 500,000 employees across 150 of the biggest Philippine corporations, it was awarded the Top Employee Benefit provider in 2022 and 2023 by HR Tech Magazine.
The acquisition of SAVii by GoTyme Bank shareholders, JG Summit and Tyme Group, will boost GoTyme’s growth trajectory while expediting its path to profitability.
Together, GoTyme Bank and SAVii aim to provide Filipino companies with the best payroll-enabled suite of financial products, helping HR leaders unlock their employees’ financial potential with the convenience and security of a bank.
By integrating the SAVii credit offering into GoTyme Bank’s lending and payroll proposition, the two are poised to capture a significant market share of the employed population in the Philippines.
Last month, GoTyme started offering an earned wage access (EWA) feature to employees of select companies — enabling employees to access their pay every day.
