ARC Investments Reports Q1 FY2025 Progress and Performance Highlights

ARC Investments has released an update on its progress and significant investments in the ARC Fund for the first quarter of the 2025 financial year, covering July to September 2024, with additional commentary on developments through October 2024. This report underscores the strides made by their portfolio companies, Rain and Tyme Group, in their respective sectors.

rain

rain experienced robust growth in its mobile customer base, driven by the popularity of its rainOne and rain mobile offerings. This expansion coincided with a strategic network upgrade to Huawei’s Apollo 5.5G technology, significantly enhancing performance and capacity. The launch of new products, including the 101 Pro and 101 Xtender, has further diversified Rain’s connectivity solutions, reinforcing its position as a leader in South Africa’s telecommunications market.

TymeBank

Tyme Group reached a new milestone with a combined customer base of 14.4 million, comprising 10 million users on TymeBank and 4.4 million on GoTymeBank. The average activity rate across these customers stood at an impressive 74%, reflecting strong transactional engagement and deposit growth. TymeBank achieved sustainable profitability as of September 30, 2024, while GoTymeBank continues to meet key performance metrics.

This update highlights ARC Investments’ continued focus on fostering innovation and scalability within its portfolio, delivering long-term value to shareholders while supporting the growth trajectories of its key investments.