\fSouth African digital bank TymeBank Lands $109M from UK and Philippines investors The onset of the pandemic has led to increased demand for digital banking options across customer income groups around the world. We've seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. This time, a startup from Africa has joined the party. TymeBank, a South African digital bank, announced today that it has secured an R1.6 billion (~$109 million) investment from new investors in the U.K. and Philippines. The company made this known via a statement. This investment will be used to bolster TymeBank's growth and drive its commercial expansion across the country. However, this investment will come in two tranches. According to the company, R500 million ($34 million) has already been invested in the business, while the rest - R1.1 billion ($75 million) - will be invested over the next 12 to 15 months. TymeBank offers a transactional bank account with zero or low monthly fees and a savings product. Most of its customers are onboarded via physical kiosks, usually in PicknPay and Boxer stores around the country. Since launching in February 2019, TymeBank has grown rapidly and now has about 2.8 million customers. The company says that it's on track to reach 3 million by the end of next month. The investors for this unnamed round include Apis Growth Fund II, a private equity fund managed by Apis Partners, and Gokongwei-owned JG Summit Holdings, one of the largest conglomerates in the Philippines. Both these investors are experienced in financial services in emerging markets; Apis, for instance, is a private equity asset manager that supports growth-stage financial services and financial infrastructure businesses. It is noteworthy that this is one of the largest raises, if not the largest, for a digital bank on the continent.Explain, with the aid of examples, the composition of the macro/remote environment. Your answer should refer to TymeBank. NB: Your answer should be a minimum of 250 to a maximum of 300 words. Markers are to stop marking after the threshold of 300 words has been reached. Please indicate the word count at the end your