We’re thrilled today to announce our partnership with London-based credit card provider Tymit and our support for their mission to power a new generation of borrowing that gives consumers greater control.
Tymit is an app-based solution that is aiming to offer a fairer credit card to consumers. Tymit accommodates both Buy Now, Pay Later installment payments and traditional credit. It provides customers with the ability to create bespoke repayment plans with interest paid on purchases rather than across the entire balance and will utilize Marqeta’s open API platform to instantly issue virtual cards and to set dynamic spending limits.
Our integration capabilities will help Tymit to effectively replicate their existing card programs and apply localization traits to seamlessly launch into new territories in a fraction of the time.
Tymit founder Martin Magnone said Marqeta’s processing capability and approach to innovation made it an ideal fit for Tymit. “The Marqeta platform has been fundamental in terms of supporting our vision to deliver a new type of credit card that puts consumers in control of their spending and borrowing. Not only has the technology given our developers the tools to create the product we envisaged, but the Marqeta team is experts in their fields and took an open-minded and helpful approach throughout the build, test, and launch process. The result is a credit card product that will change the way consumers borrow, bringing a sense of responsibility and fairness to the experience of using finance on a day-to-day basis,” he said.
This is an exciting partnership for Marqeta Europe, and we look forward to working with Tymit for a long time to come!