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.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Financial Payment

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Tymit

United Kingdom

Founded in

20 Jun 2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.