“Can a UK FCA-regulated instalment credit platform become the go-to white-label BNPL infrastructure for major retail and travel brands?”
Founded in 2017 by brothers Martin and Nicolas Magnone as a consumer instalment credit card targeting fairer credit in the UK, Tymit launched the 'world's first instalment credit card' on Visa rails, using Marqeta for card issuing and Transact Payments Limited (TPL) as the card issuer. After raising a Series A, Tymit pivoted upmarket toward a B2B white-label embedded finance proposition, offering merchants in retail and travel branded instalment programmes with no merchant fees, operating as the technology and lending orchestrator. Frasers Group's 42.8% stake (disclosed circa 2024) signals a strategic alignment with a large UK retailer as a potential embedded instalment distribution partner.
Tymit discloses Transact Payments Limited as its banking provider, according to the Embedded Finance Index 2026.
Tymit does not disclose a bank charter of its own; its banking services are provided through Transact Payments Limited.
Tymit's cards are issued through Marqeta.
Tymit's lending and capital products are provided by Tymit Limited (in-house).
Tymit connects to bank accounts through Truelayer.
The Embedded Finance Index 2026 maps 5 layers in Tymit's stack: Banking / BaaS (Transact Payments Limited); Card issuing (Marqeta); Lending (Tymit Limited (in-house), Instalment credit card (0% over 3 months), Longer instalment plans (up to 36 months), White-label instalment programmes for retail partners and 4 others); Open banking (Truelayer); Sponsor bank (Transact Payments Limited).
Tymit was founded by Martin Magnone and Nicolas Magnone and is founded in 2017, headquartered in London, United Kingdom.
Tymit has raised $114.1M in total (latest round: Series A).
Get a read on where your own stack stands against Tymit and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.