About: 20Twenty (bank)

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20Twenty was an online South African retail bank that specialised in no frills digital banking. It focused on offering low transaction costs with low interest rates on loans whilst offering higher interest rates on savings. By the time of its closure in 2006 it had an estimated client base of 20,000 to 40,000 account holders. The bank was known for its customer service and loyal client base.

Attributes	Values
rdf:type	Thing company schema:BankOrCreditUnion schema:Organization dul:Agent dul:SocialPerson agent wikidata:Q24229398 Organization Business enterprise bank organisation
rdfs:label	20Twenty (bank) (en)
rdfs:comment	20Twenty was an online South African retail bank that specialised in no frills digital banking. It focused on offering low transaction costs with low interest rates on loans whilst offering higher interest rates on savings. By the time of its closure in 2006 it had an estimated client base of 20,000 to 40,000 account holders. The bank was known for its customer service and loyal client base. (en)
foaf:name	20twenty (en)
foaf:homepage	https://www.20twenty.com
name	20 (xsd:integer)
foaf:depiction
location	Cape Town South Africa
dcterms:subject	2006 disestablishments in South Africa Banks established in 2001 Banks of South Africa Companies based in Cape Town South African brands South African companies established in 2001
Wikipage page ID	59543131 (xsd:integer)
Wikipage revision ID	1119350283 (xsd:integer)
Link from a Wikipage to another Wikipage	Cape Town Private company 2006 disestablishments in South Africa Banks established in 2001 Banks of South Africa Companies based in Cape Town South African brands South African companies established in 2001 Chief executive officer Standard Chartered Banking license Bank run South Africa Banking Retail banking Saambou
Link from a Wikipage to an external page	https://www.20twenty.com
sameAs	20Twenty (bank) 20Twenty (bank)
dbp:wikiPageUsesTemplate	dbt:Infobox_company dbt:Portal dbt:Reflist dbt:Use_South_African_English dbt:Use_dmy_dates dbt:Africa-bank-stub dbt:Banks_of_South_Africa dbt:SouthAfrica-company-stub
thumbnail	wiki-commons:Special:FilePath/20twenty_logo.jpeg?width=300
area served	South Africa
defunct	2006 (xsd:integer)
fate	Bankruptcy (en)
founded	2001 (xsd:integer)
homepage	https://www.20twenty.com
industry	Banking
key people	(en) Christo Davel (en)
location	Cape Town, South Africa (en)
logo	20 (xsd:integer)
logo size	250 (xsd:integer)
num employees	~100 (en)
products	Retail banking
type	Private company
has abstract	20Twenty was an online South African retail bank that specialised in no frills digital banking. It focused on offering low transaction costs with low interest rates on loans whilst offering higher interest rates on savings. By the time of its closure in 2006 it had an estimated client base of 20,000 to 40,000 account holders. The bank was known for its customer service and loyal client base. It was founded in July 2001 by South African internet entrepreneur Christo Davel. Due to the length of time and complicated bureaucratic process of setting up a bank in South Africa the company entered into a partnership with existing South African bank Saambou to use their banking license. In the agreement Saambou obtained a 65% share in the company. It initially only offered customers a single account that was a combined current account and savings account and issued a single Master-Card that functioned as a credit and debit card. Shortly after the bank's launch its parent bank Saambou collapsed in 2002 resulting in the freezing of 20Twenty accounts. After 18 months of negotiations 20Twenty was sold to Standard Chartered for US$10 million (R61 million) in August 2003. In November 2005 Standard Chartered put the bank up for sale. Two months later in January 2006 Standard Charted announced that it would be closing 20Twenty after failing to find a buyer. (en)
prov:wasDerivedFrom	wikipedia-en:20Twenty_(bank)?oldid=1119350283&ns=0
page length (characters) of wiki page	3992 (xsd:nonNegativeInteger)
fate	Bankruptcy (en)
founding year	2001-01-01 (xsd:gYear)
number of employees	100 (xsd:nonNegativeInteger)
industry	Banking
key person	Chief executive officer
product	Retail banking
region served	South Africa
type	Private company
foaf:isPrimaryTopicOf	wikipedia-en:20Twenty_(bank)
is Link from a Wikipage to another Wikipage of	Twenty Twenty
is foaf:primaryTopic of	wikipedia-en:20Twenty_(bank)

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