We are excited to announce that the UK-based startup Tymit is joining the 365.fintech portfolio. Tymit is the first credit card — “reinvented” — which puts customers in complete control of their purchases from planning to execution.
Our investment comes as part of a seed+ round raised recently by Tymit with participation from Fasanara Capital, Venturefriends, Love Ventures and a suite of business angels
Tymit is a London-based fintech startup that is building the next generation credit card experience to offer a quasi buy now pay later (BNPL) option to their clients everywhere where a Visa card is accepted. With…
Point of Sale financing (PoS) in a form of Buy Now Pay Later (BNPL) is currently one of the hottest and most growing segments of Fintech world. The ongoing pandemic crisis has negatively impacted consumer’s disposable incomes and overall spending habits, putting pressure on retailer’s revenues.
A total number of merchants cooperating with BNPL startups was steadily increasing in 2020, with a common goal of mitigating drop in THEIR revenue.
Using BNPL option at the checkout, customers can purchase a product using borrowed money (credit) from BNPL firms which, they later repay in full or in instalments over a certain…
365.fintech
CEE-based corporate venture investor. We focus on European fintech disrupting banking. We are geared towards b2b and b2bc and invest around seed stage.
