Tymit Blog | Tymit's posts about inside tymit

Tymit has been recognised as one of the UK's leading scaleups and is joining Tech Nation's Fintech 4.0 cohort. 

Tymit is one of the UK's leading fintech scaleups

We’ve got exciting news – Tymit’s been recognised as one of the UK’s leading scaleups! 🚀

## Joining Fintech 4.0

An all-star panel of judges has chosen us for Tech Nation’s latest fintech programme. Competition was stiff this year, so we're really proud to have made it. 

Tech Nation is a network for ambitious tech entrepreneurs and its mission is to fuel growth. [Fintech 4.0](https://technation.io/programmes/fintech/), which officially launches today, brings together 30 of the best in UK fintech and aims to support them as they scale.

Our CEO, Martin, had this to say:

*"Joining Fintech 4.0 is a huge opportunity for Tymit. We’re growing fast and aiming big, so we’ll be tapping into Tech Nation’s network as we get ready to scale. Being able to learn directly from founders who’ve been there before will be incredibly valuable. We’re proud to be chosen and can’t wait to get started."*

This announcement comes soon after another big win for Team Tymit, having just picked up Innovation of the Year at the [Consumer Credit Awards](https://www.consumercreditawards.co.uk/previous-winners/).

Stay tuned for updates on our journey with Tech Nation. 


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Ready, set, scale: We're part of Fintech 4.0  🚀

The Tymit iOS team attended the tenth edition of NSSpain, one of the most well-known iOS/macOS-related events in the world.

NSSpain 2022 Review

Two weeks ago, the Tymit iOS team had the opportunity to assist in the tenth edition of the [NSSpain](https://2022.nsspain.com/index.html). One of the most known iOS/macOS-related events in the world. Each edition, the organization bring speakers from all the continents who deliver top-flight talks.

After two remote editions, this edition allowed us to engage again with the iOS community. Because the event is not only about the technical side, also it is about the community. This event brings us the opportunity to meet software creators and crafters around the world. 

After seeing the schedule, the team went crazy. Few talks focused on the actual Tymit app architecture, The Composable Architecture or TCA. Furthermore, Brandon Williams (one of the creators of TCA) was one of the main speakers. We felt it would be a special edition, and we were not wrong.

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One more thing: NSSpain is located in Logroño (north of Spain) and is known for wine (Rioja) and food. Also, the event matches the beginning of the regional holidays (San Mateo). So, after finishing the event, the party starts. We know it is not an important part, but it is essential. 

Let me share with you the highlights of each day.
 
#### **NSSpain 2022, Day 1**
The day started well. First talk: [Composable Architecture](https://vimeo.com/showcase/9831667/video/751173570) at Scale by [Krzysztof Zabłocki](https://twitter.com/merowing_). It wasn’t an easy talk. Because one of the TCA creators was sitting in the first row, you can check out the talk here.

The talk [Celebrating App Icon Design](https://vimeo.com/showcase/9831667/video/751182671) was impressive. [Michael Flarup](https://twitter.com/flarup) made a master class about design and icons in our apps, why they are essential, and how to improve their impact on our users. Amazing speaker. Check out the talk [here](https://vimeo.com/showcase/9831667/video/751182671).

The first Spanish company on stage was Wallapop. [Jessica Hernández Velarde](https://trysplit.atlassian.net/wiki/spaces/TECH/pages/2499281033/NSSpain+2022+Review#) showed us how they use metrics during the development and release process: [Improving the iOS development process guided by technical metrics](https://vimeo.com/showcase/9831667/video/751286701). We get valuable learnings to apply and discuss with our Platform teammates.

[Johannes Fahrenkrug](https://twitter.com/jfahrenkrug) gave an outstanding talk about how to be bad in a good way, [Living dangerously: The why and how of safely using private APIs on iOS](https://vimeo.com/showcase/9831667/video/751288471). Private APIs could help you get the solution, but you should do it carefully.

Great talk from another Spanish, [Pedro Gómez](https://twitter.com/pedro_g_s), from GoodNotes, to talk about [Swift WebAssembly + GoodNotes, a cross-platform story!](https://vimeo.com/showcase/9831667/video/751290710) How to use Swift for other purposes rather than mobile is always interesting.

And we finished the day with day [Server-Driven UI, from macOS to iOS](https://vimeo.com/showcase/9831667/video/751540434). [Marci Krzyzanowski](https://twitter.com/krzyzanowskim) from Judo app presented how it is possible to have remote Swift code in a server and update it without passing the App Store. Crazy! Server side on Swift can also be written using [Vapor](https://vapor.codes/) and Docker, which may allow us to execute tests differently as we do nowadays or populate Apps with it.

#### **NSSpain 2022, Day 2**
The second day started intensely. [Matias Villaverde](https://trysplit.atlassian.net/wiki/spaces/TECH/pages/2499281033/NSSpain+2022+Review#) and [Rens Breur](https://trysplit.atlassian.net/wiki/spaces/TECH/pages/2499281033/NSSpain+2022+Review#) from Soundcloud showed us how they are [Rewriting SoundCloud in SwiftUI](https://vimeo.com/showcase/9831667/video/751534042). It was interesting to see the way big companies execute the migration to the new UI paradigm.

And we continued with a talk about history: [CocoaPods, ten years of maintenance, and what I would do differently](https://vimeo.com/showcase/9831667/video/751539521). [Orta Therox](https://github.com/orta) is an open-source engineer who builds and maintains one of the most successful dependency managers in the iOS ecosystem. Is it possible to run [cocoapods in Docker](https://cocoapods.org/pods/Docker) to manage the dependencies so it would be an interesting way of providing this part as it can integrate seamlessly with our CI/CD.

Out of the technical talks, [Rob Napier](https://twitter.com/cocoaphony) gave an inspiring talk about mentoring the next generation: [Kids Today](https://vimeo.com/showcase/9831667/video/751566672)! 

Animation, animation and more animations with [Adam Bell](https://twitter.com/b3ll) (Netflix). [Crafting Responsive and Playful Interfaces](https://vimeo.com/showcase/9831667/video/751571352) is an enlightenment talk about how animation can improve the user experience. He explained how to improve your animations using the Motion framework (UIKit). The talk included an impressive demo.

[JP Simard](https://twitter.com/simjp) from Lyft presented the [Lessons from Mobile Networking at Scale](https://vimeo.com/showcase/9831667/video/751575150). A dive into the [Envoy Mobile](https://github.com/envoyproxy/envoy-mobile) project, a powerful open source networking library which provides a ubiquitous API and abstraction for mobile application networking. Also, it offers unparalleled networking functionality and observability to modern distributed applications and API design. Using [GRPC](https://grpc.io/), latencies are working on streams of real-time; this can be extremely useful for some app functionalities, like showing information in real-time.

They left the best for the last talk. [Brandon Williams](https://twitter.com/mbrandonw) from Point-Free was talking about [URL Routing with NavigationStack](https://vimeo.com/showcase/9831667/video/751580644). He is one of the TCA creators, our architecture approach for all the apps we develop in Tymit. Furthermore, he talked about a subject we are deeply interested in, navigation. It was a win-win.


#### **Conclusions**
As I mentioned before, this edition was terrific. The opportunity to gather the whole team around an event and a community and present the Tymit brand is remarkable. After the talks, we get the security that we are on the right path. We decided two years ago to bet on an idea: the unidirectional data flow, and we are so happy with the outcome.

As a full-remote company, spending two days with teammates sharing knowledge and having fun is the best team building of the year. The team returns with new ideas and inspiration, and the bindings are stronger with the feeling of belonging to the best tech community.

Next year, we will come back and try to be on the stage.

[Official Web Site](https://2022.nsspain.com/)
[Official Vimeo Channel](https://vimeo.com/showcase/9831667)

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Tymit at NSSpain 2022

With £23m in series A funding secured, what's next for Tymit? Our CEO, Martin, sheds some light on our exciting next chapter. 

Announcing our series A raise with a note from our CEO

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Martin Magnone

When my brother, Nico and I founded Tymit, we had a simple vision in mind: we wanted to create a credit card that helped people make smarter financial decisions. 

With years of industry experience behind us, we understood the traditional model inside out, so we knew it ran in the opposite direction. Confusing charges, interest on interest, no plan to pay off your balance… It all amounted to a horrible customer experience that the big players had no incentive to change, so we set out to build something better. 

Since then, everything we’ve done at Tymit has been underpinned by the belief that credit is an enabler of people’s lives. It can help you achieve your goals and do more of what you love, but only when it works for you, not against. 

Our mission to ‘give people the self-confidence to live life to the fullest by offering them credit that’s smart, flexible and honest’ was the driving force behind our launch of the world’s first instalment credit card. Looking back, I’m proud of what Team Tymit have achieved together.

## Launching our merchant proposition

People love paying in instalments. Our customers all tell the same story: they want to feel in control of their finances - and the flexibility and transparency that Tymit instalments offer gives them that peace of mind. Of course, the revolution in instalments has been taking place beyond the walls of Tymit HQ, too. You don’t have to be a fintech follower to have noticed the Buy Now, Pay Later boom. Millions of UK consumers have turned their backs on Old Credit in favour of the convenience and transparency of spreading the cost of a purchase at the point of sale. 

Still, it’s clear to myself and the team at Tymit that the promise of instalments has become wrapped up in a model that doesn’t always have the best outcomes for people or merchants. Too many of the ingredients that people need to feel in control are missing, from robust affordability checks and the ability to change payment plans to the protections that come with full regulation. Merchants are being squeezed, too, both in terms of the high fees they pay and their customer relationships, with BNPL players competing to become ‘the only shopping app you’ll ever need.’

Both people and merchants deserve better. Brands should be able to offer the instalment experiences they need to stay relevant without having to carve a chunk out of every basket and drive a wedge between them and their customers. People should be able to pay in instalments with their favourite brands - with all the safeguards in place that only a fully regulated offering with control at its core can provide. 

That’s why our Series A announcement is a dual milestone. On the one hand, it represents a vote of confidence in the product we’ve built and the Tymit growth story. On the other, it marks the launch of our instalment program proposition for merchants, offering them all the benefits of BNPL under their own brand for free, with data-driven customer insights and loyalty capabilities on top.

## What’s next for Tymit

We still believe that Old Credit is in decline – the traditional revolving credit card’s days are numbered as more and more people reject a model that wins when they lose. Tomorrow’s consumer will want the convenience, flexibility, and transparency that come along with paying in instalments. 

But the future doesn’t belong to BNPL 1.0. There’s clear demand for an alternative, one that gives greater control to both merchants and their customers, and that’s what we’re committed to providing. With our series A funding, we’ll be able to stay at the forefront of innovation while expanding our partnership capabilities. 

I’d like to thank everyone at Tymit, our existing investors, and the newest to join us on our journey, Frasers Group. I hope they’re as excited about what’s next as I am…


All posts about #insidetymit

Ready, set, scale: We're part of Fintech 4.0 🚀

Tymit at NSSpain 2022

Announcing our series A: a note from our CEO