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United Kingdom
20 Jun 2017 (9 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Tymit
Company Information
Get to know Tymit
Founded in 2017 and launched in 2019, Tymit aimed to reinvent the traditional credit card by combining it with the flexibility of installment loans. The company provided a Mastercard credit card managed through a smartphone app, which allowed users to split any purchase over 3, 6, 12, or 24 months at a set interest rate, or pay in full within the billing period interest-free. Its mission was to provide a more transparent, fair, and controllable credit experience. However, in late 2023, the company announced it would be closing all customer accounts, effectively winding down its direct-to-consumer credit card services.
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