Tymit

As soon as a transaction is made, an interest-bearing repayment schedule can be selected and easily adjusted. Using a built-in calculator function, customers can also simulate future purchases, gaining a clear understanding of the total interest they'll pay. The app also provides a wealth of data and features to help customers manage their finances, such as real-time spending notifications, automatic purchase categorisation and reporting, and transaction location maps.

The idea of Tymit's app is to help its users build reliable a credit history, which remains a critical function for a large number of consumers. The company has received significant investment that is cited to accelerate product development and support the launch of its market disrupting B2B2C instalment programme proposition for merchants.