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Company Database - Tinka

Buy now, pay smart.

Website

www.tinka.com

Head office

Zwolle, the Netherlands

Company description

Tinka is a deferred payments service provider based in the Netherlands, registered and authorised by the Netherlands Authority for Financial Markets (AFM). 

With more than 65 years of experience, we offer responsible consumer financing solutions. 

These solutions include invoiced Buy Now, Pay Later and different consumer credit options – online and in store.

How the payment method works

Merchants decide which Tinka deferred payment solution(s) they would like to offer to their customers, both online and in store: Pay in 14 days or regulated Consumer Credit. All transactions are in real time and shown in both the merchants' systems and the Tinka app. 

Target market

  • Merchants (sustainable energy, home and garden, furniture, fashion, electronics, and e-mobility)
  • Marketplaces
  • PSPs (Buckaroo, Credit Click, Pay – other PSPs upon request)
  • Fintech
  • Banks

Contact details

Diana Apakidze, Chief Growth Officer, diana.apakidze@tinka.com

Geographical presence

The Netherlands – Tinka's focus for 2023 is to provide its services in the Netherlands, however, starting from 2024, Tinka will expand its services across Europe. 

Year founded

2021

Funding rounds and investors

Tinka is owned by the Private Equity Fund Apax Partners.

Licence type

Registered and authorised by the Netherlands Authority for Financial Markets (AFM)

Reach

> 2 million consumers in the Netherlands

Acceptance

> 30 merchants

Implementation requirements

Merchants need to have a Dutch Chamber of Commerce registration. Tinka will take care of the KYC/ KYB process. 

Company's motto

Buy now, pay smart.

Payment type  

Debit card

Yes

Prepaid

Yes

Buy Now, Pay Later/Instalments/Pay by Invoice - All unregulated products as mentioned + Consumer Credit which is a regulated product
       •  Business model: Direct provider
       •  Payment instruments used: No card is needed to start an instalment plan. Independent risk scoring.
       •  Credit check: Yes + ID check
       •  Credit application: Yes
       •  Late fees: Tinka applies no late fees.
       •  Marketplace app: Yes
       •  Interest rates: 14.9% for consumer credit; 0% for Pay in 14 days
       •  B2B Tinka provides its services to merchants and their customers –  B2B2C

Channels   

Online

Yes

POS/In-store

Yes

Services  

Settlement currency

EUR

Processing currency

EUR

Currency available for customers

EUR

Implementation requirements

Direct integration via API, connection through PSP partners or through available plugins such as Woocommerce, Shopware, Magento. Cashier/POS system integrations available, as well as various card terminal integrations.

Chargeback/buyer protection

Yes, we pay back as soon as possible after a return or complaint is completed by the merchant. Most of the time, within two working days.

Automated and instant refund

Yes

Reconciliation

More information available upon request

Fraud prevention (measures)/risk management

Yes

Pricing/fees structure

A fixed fee + % per transaction

Future developments

Leveraging Open Banking technology and growing Tinka's footprint in store.

Technology

Integration technology

Direct integration via a server-to-server API (JSON REST), via partners (PSPs/ecommerce platforms), or via plugins (WooCommerce, Magendo, Shopware), various cashier systems, and card terminal integration available.

Integration support

https://portal.tinka.nl/

Transactions volume

Number of transactions

More information available upon request.

Transactions value

More information available upon request.

Contact Tinka

Zwolle, the Netherlands
https://www.tinka.com/
diana.apakidze@tinka.com
the Netherlands