Splitit Lands $50 Million, Plans to Delist from the Australian Stock Exchange - Finovate

Splitit is securing $50 million in new growth capital and moving to a private company structure. For retailers, this is a positive sign of stability in the crowded Buy Now, Pay Later (BNPL) space. The company is pivoting away from the public markets to focus on its white-label technology. Unlike competitors like Affirm or Klarna, Splitit doesn't redirect your customers to their own app. They allow shoppers to use their existing credit card limits to pay in installments directly on your checkout page. This funding means Splitit has the runway to improve its merchant tools and expand its reach. Merchant operators should view this as a commitment to the 'merchant-branded' experience. By delisting from the Australian Stock Exchange and partnering with Motive Partners, the company can move faster without the scrutiny of daily stock price fluctuations. This is particularly important for high-ticket retailers who want to offer financing without the branding interference typical of larger BNPL providers. The investment is intended to accelerate their 'Installments-as-a-Service' platform, making it easier for you to integrate flexible payments into your existing tech stack.

Source: Google News: Splitit

← Return to the library· Submit a correction