GoTyme acquires SAVii to offer payroll financial products

Digital bank GoTyme has acquired SAVii, the Philippines' largest fintech salary lender, to offer payroll-enabled financial products that benefit both employees and employers.

GoTyme's major shareholders, JG Summit and Tyme Group, completed the acquisition, integrating SAVii’s extensive loan portfolio exceeding P3 billion and serving over 500,000 employees across 150 major Philippine corporations.

The buyout will enable GoTyme to deepen customer relationships by offering payroll-based financial products that align with SAVii's mission of providing formal financial access.

GoTyme CEO Nate Clarke emphasized the importance of resolving Filipinos' limited access to reliable and affordable credit through this acquisition, aiming for profitability by the end of 2025.

By integrating SAVii’s credit offerings, GoTyme intends to expand its payroll-based lending services and capture a significant market share of the Philippines’ employed population.