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.