Homegrown fintech firm GoTyme Bank has acquired top salary lender SAVii through its major shareholders, JG Summit and Tyme Group. The merger strengthens GoTyme’s payroll-based financial products.
“This acquisition enables us to drive our strategy of deepening customer relationships by offering payroll and financial products that benefit both employees and their employers,” said GoTyme Bank president and CEO Nate Clarke.
The acquisition should speed up GoTyme’s growth and profitability. By combining SAVii’s salary lending experience with GoTyme’s existing offerings, they aim to capture a large share of the employed population.
GoTyme will add SAVii’s salary loan products to its existing earned wage access (EWA) feature. This creates a wider range of payroll-linked financial solutions for Filipino companies and their employees
The acquisition supports the Bangko Sentral ng Pilipinas’ goal of expanding lending. Filipinos will have a secure and convenient alternative to informal lenders.
With SAVii’s network of over 500,000 employees and 150 corporations, GoTyme is positioned to become a leader in payroll-based financial services.
Previously known as Uploan, SAVii has become the market leader for salary lending with a loan book of over P3 billion and serving more than 500,000 employees across 150 of the biggest Philippine corporations.
“For us at SAVii, salary is more than just take-home pay—it’s the safest vehicle to financial empowerment. Teaming up with GoTyme Bank was a clear and obvious path in our mission to assist individuals in accessing formal finance. We are excited with the opportunities it opens for our partner companies and their employees,” Grealish said.
