Splitit Payments Ltd, together with its subsidiaries, provides payment solution services in North America, the United Kingdom, Europe, and Australia. Its solution enables customers to pay for purchases with an existing credit to break payments into bite-sized pieces to pay overtime with no interest, applications, and fees Splitit Payments Ltd was incorporated in 2008 and is headquartered in New York, New York.

Splitit Payments Ltd

Splitit powers the next generation of Buy Now, Pay Later (BNPL) through our merchant-branded Installments-as-a-Service platform. We solve the challenges businesses face with legacy BNPL while unlocking BNPL at the point of sale for card networks, issuers and acquirers, all through a single network API.

It’s a new day for payments—one where your shoppers can keep earning
the credit card rewards they love, choose the number of installments, and
gain a level of control that traditional “buy now, pay later” providers can’t –
or won’t – give them.

PRYTEK

Igor Ryabenkiy

Simpel

Goldman Sachs Bank USA

Woodson Capital Management

Motive Partners

Splitit

Exciting News! Today, we're thrilled to unveil our latest Merchant survey report in collaboration with PYMNTS, offering a deep dive into the evolving landscape of payment preferences. 

Highlights from the study ‘Unpacking Merchant Strategies and Consumer Demand for Flexible Payment Plans’: 

◎78% of merchants are innovating or planning to innovate card-attached installments, with 50% earning over $750mil/year.

◎76% anticipate increased consumer use of card-attached installment plans.

◎Average purchase with card-attached installments is 46% higher than BNPL ($1,500 vs $685).

◎61% prefer card-attached for transparency, 55.6% see reduced delinquencies, and 50% meet demand driven by consumer behavior changes.

◎29% of BNPL users face difficulties measuring return on investment.

◎Merchants embracing installments pre-checkout report increased sales, meeting demand, improved satisfaction, reduced declines, and a competitive edge.

Embrace the future of payments with insights from our survey! Read the full report for a comprehensive understanding of the shifting dynamics in the merchant landscape. 

Download report: https://lnkd.in/eh-3F6sh

#PaymentsInnovation #MerchantSurvey #PaymentTrends #PYMNTSInsights
https://lnkd.in/eTeHCrr2

Exciting Developments in 2024 for BNPL! As buy now, pay later plans surge in popularity, companies are leveling up their underwriting game to ensure responsible lending. Our very own CEO, Nandan Sheth, shares a game-changing strategy for 2024 in the most recent Modern Retail article: launching an installment service that collaborates with banks and issuers.  This innovative model not only creates new revenue streams but also minimizes risk, leveraging existing customer relationships and profiles. He emphasizes that this approach prevents "plan stacking" and encourages a more responsible use of credit for consumers. Exciting times are ahead as the BNPL landscape evolves with responsible financing practices! 

Read More: https://lnkd.in/eSGKxf_T

#Splitit #BNPL #FinanceInnovation #ResponsibleLending #FintechRevolution

Empowering Exxentric®'s fitness revolution with flywheel tech! Splitit has enjoyed being the payment partner that makes high-quality equipment accessible through flexible installment plans. Transform your workouts, transform your payments. "The company reports that the average order value for purchases with Splitit are 88% higher than order values overall." Splitit has allowed Exxentric to reach a new level of growth since they launched. A huge thanks to Athletech News and Collin Helwig for sharing this awesome success story!

Read more: https://lnkd.in/e9he3w_Q

Reducing online shopping anxiety is crucial for boosting customer confidence in the ever-growing ecommerce landscape. Discover how to transform your checkout process, providing customers control and reassurance before committing. 

Read More: https://lnkd.in/et7_2cFN

#Ecommerce #CustomerExperience #Splitit

79% of Americans are concerned about how companies use their data. At Splitit, data protection is our top priority. From complying with global standards like GDPR and CCPA to using innovative encryption technologies, we ensure your customers' data is secure. Choose a payment partner that prioritizes your customers' privacy and security. 

Read More: https://lnkd.in/eD_pNfkK

#DataProtection #CustomerPrivacy #BrandIntegrity

	Dec '19	Dec '20	Dec '21	Sep '22	Dec '22	Mar '23	Jun '23
account payables	751.43K -	4.60M 512.18%	2.78M 39.57%	2.76M 0.79%	1.76M 36.04%	3.52M 99.78%	3.54M 0.37%
accumulated other comprehensive income loss		14.56M -	-102.35M 802.74%		19.88M -
cash and cash equivalents	11.67M -	120.52M 932.75%	28.93M 75.99%	46.59M 61.03%	29.80M 36.04%	20.60M 30.86%	20.68M 0.37%
cash and short term investments	11.67M -	120.52M 932.75%	28.93M 75.99%	46.59M 61.03%	30.00M 35.61%	20.60M 31.33%	20.68M 0.37%
common stock	53.56M -		126.09M -	205.70M 63.14%	131.56M 36.04%	197.53M 50.14%	198.27M 0.37%
deferred revenue
deferred revenue non current
deferrred tax liabilities non current
goodwill
goodwill and intangible assets
intangible assets
inventory	18.72K -			1 -	-0.00 100.01%	1 1,000,083.07%	1 0%
long term debt	104.25K -	48.57M 46,489.51%	64.26M 32.29%	112.44M 74.99%	72.10M 35.88%	85.97M 19.25%	86.30M 0.37%
long term investments	12.59K -
net debt	-11.41M -	-30.19M 164.50%	35.32M 217.00%	-46.59M 231.90%	42.58M 191.39%	-20.60M 148.38%	-20.68M 0.37%
net receivables	5.17M -	67.22M 1,200.52%	74.14M 10.31%	111.19M 49.96%	71.11M 36.04%	97.03M 36.44%	97.39M 0.37%
other assets				1.63M -		592.34K -	594.55K 0.37%
other current assets	631.33K -	3.70M 485.50%	1.20M 67.59%	1.90M 58.83%	1.02M 46.55%	2.60M 155.62%	2.61M 0.37%
other current liabilities	559.98K -	2.95M 426.09%	2.16M 26.71%	5.22M 141.73%	3.06M 41.44%	7.02M 129.61%	7.04M 0.37%
other liabilities				279.87K -		221.38K -	222.21K 0.37%
other non current assets			3.96M -	-798.95K 120.18%	1.05M 230.80%	-539.98K 151.67%	-542.00K 0.37%
other non current liabilities	0.00 -			-112.44M -	-0.00 100.00%	-85.97M 85,972,640,679,186.91%	-86.30M 0.37%
othertotal stockholders equity				31.09M -		32.64M -	32.77M 0.37%
preferred stock
property plant equipment net	434.93K -	123.34K 71.64%	150K 21.61%	798.95K 432.63%	511K 36.04%	539.98K 5.67%	542.00K 0.37%
retained earnings	-37.19M -	-81.35M 118.77%	15.44M 118.98%	-195.37M 1,365.14%	-124.96M 36.04%	-205.55M 64.49%	-206.32M 0.37%
short term debt	151.26K -	41.76M 27,505.85%			282K -
short term investments					200K -
tax assets
tax payables
total assets	17.94M -	191.57M 968.10%	108.38M 43.42%	162.11M 49.57%	103.69M 36.04%	121.36M 17.05%	121.82M 0.37%
total current assets	17.49M -	191.43M 994.64%	104.27M 45.53%	159.68M 53.14%	102.13M 36.04%	120.23M 17.72%	120.68M 0.37%
total current liabilities	1.46M -	49.30M 3,270.81%	4.94M 89.98%	7.98M 61.51%	5.10M 36.04%	10.54M 106.60%	10.58M 0.37%
total debt	255.52K -	90.33M 35,251.26%	64.26M 28.86%		72.38M -
total investments	12.59K -	16.88K 34.12%			200K -
total liabilities	1.57M -	97.87M 6,146.27%	69.19M 29.30%	120.70M 74.43%	77.20M 36.04%	96.74M 25.31%	97.10M 0.37%
total liabilities and stockholders equity	17.94M -	191.57M 968.10%	108.38M 43.42%		103.69M -
total non current assets	447.51K -	140.22K 68.67%	4.11M 2,830.33%	798.95K 80.56%	1.56M 94.76%	539.98K 65.30%	542.00K 0.37%
total non current liabilities	104.25K -	48.57M 46,489.51%	64.26M 32.29%	112.44M 74.99%	72.10M 35.88%	85.97M 19.25%	86.30M 0.37%
total stockholders equity	16.37M -	93.70M 472.42%	39.19M 58.18%	41.41M 5.68%	26.49M 36.04%	24.63M 7.03%	24.72M 0.37%

COM:SPLITIT

Splitit Payments Ltd

Last Close

0.06

08/12 05:10

Market Cap

27.83M

Beta: -

Volume Today

8.39M

Avg: -

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