Tymit
Financials
Estimates*
EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | <1m | 1.7m | 1.9m |
% growth | - | 71 % | 125 % | 141 % | 106 % | 13 % |
EBITDA | - | - | - | - | (12.5m) | - |
% EBITDA margin | - | - | - | - | (754 %) | - |
Profit | - | - | - | - | (17.5m) | - |
% profit margin | - | - | - | - | (1059 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $5.1m | Seed | |
* | N/A | £4.0m | Early VC |
N/A | Early VC | ||
N/A | £10.0m | Debt | |
N/A | Support Program | ||
£30.0m | Debt | ||
* | N/A | £23.0m | Series A |
Total Funding | €37.0m |
Related Content
Recent News about Tymit
EditTymit is a financial technology company that has introduced the world's first instalment credit card, designed to provide consumers with greater control over their finances. Operating primarily in the UK market with plans for European expansion, Tymit serves individual consumers who seek flexible and transparent credit solutions. The company's core product allows users to split their purchases into manageable instalments, ranging from 3 to 36 months, with 0% interest for shorter terms. Tymit's business model revolves around partnering with retailers to drive sales and customer loyalty while eliminating traditional Buy Now, Pay Later (BNPL) and processing fees. Revenue is generated through merchant fees and interest on longer-term instalments. The company emphasizes quick setup, instant access, and availability both in-store and online, ensuring a seamless user experience. Tymit is regulated by the Financial Conduct Authority (FCA), providing peace of mind and trust to its users.
Keywords: instalment credit card, financial control, flexible plans, instant access, UK market, European expansion, merchant partnerships, 0% interest, FCA regulated, seamless experience.