Splitit raises $71.5mn

August 07, 2020 | Payments

Written by FinTech Alliance

Splitit raises $71.5mn

Buy Now, Pay Later platform Splitit has raised $71.5mn through private placement and share purchase.

In Brief:

  • Splitit is listed on the Australian stock exchange.

  • It allows shoppers to pay for their items in instalments on a credit card.

  • Investors include Woodson Capital Management.

What does this mean?

Splitit has experienced huge growth as the buy now, pay later market continues to soar. Sales were up 260% year on year and it’s now used by over 1000 ecommerce merchants. The platform has partnerships with Mastercard, Visa and Stripe and is currently growing internationally.

Read more here.

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