MYJAR Limited was a direct lender in the UK's high-cost short-term credit market, providing online instalment loans to consumers. Originally founded in Estonia in 2009 as a peer-to-peer lending platform, it later shifted its model to direct lending and focused on the UK market. The company utilized technology and algorithms to provide quick lending decisions. However, like many firms in the payday loan sector, it faced an overwhelming number of customer complaints and compensation claims regarding allegations of unaffordable lending. Unable to manage the financial pressure from these redress claims, the company ceased trading and officially entered administration on 22 December 2020.

Founded in

Estonia