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Hello reader,
About a decade ago, I watched this film called In Time starring Justin Timberlake and Amanda Seyfried.
The premise of the movie was really interesting because it’s set in a world where after a person reaches 25 years old, the duration they have left to live becomes commoditized. That means that your remaining time can be bought, sold, or traded.
Naturally, wealthier people could live much longer, possibly up to hundreds of years or even forever. Meanwhile, the less fortunate had to do whatever they could to survive just one more day.
While the film wasn’t executed that well, I’ve always thought that the concept was a good way to try and discuss class differences, just with much higher stakes.
One of the main plot points in the film was how it was clear that the time-rich of that society were oppressing the lower class, and that they had implemented systems to keep things that way.
How is this related to today’s story? It was all in the name, so don’t feel too disappointed thinking there was a startup that could commoditize time.
Rather, the digital bank in question, TymeBank, has a name that’s relevant to the movie’s plot, and that’s how I got thinking about it. Let’s take a look at how it’s faring in the Philippines and Vietnam.
Today we look at:
- Tyme Group’s path to victory
- Cred’s acquisition of wealth management firm Kuvera
- Other newsy highlights such as Midjourney’s new head of hardware and River’s US$40 million series B round.
Premium summary
Clocking Tyme Group’s strategy
Tyme Group
I’ve never used a digital bank before, but that’s mostly just because I’ve never had a reason to. Some of the ones in Singapore do offer great deals on new accounts, but they are usually snapped up faster than you can say “interest rates.”
Gaining wealth management cred
Quick bytes
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