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	Dec '22
revenue	1.65M -	6.69M 306.14%	10.45M 56.20%	10.59M 1.39%
cost of revenue	481.17K -	5.48M 1,038.06%	1.22M 77.65%	1.20M 1.88%
gross profit	1.17M -	1.21M 3.92%	9.22M 661.44%	9.39M 1.82%
selling and marketing expenses	3.27M -	5.78M 76.75%	5.76M 0.31%	1.12M 80.59%
general and administrative expenses	14.90M -	12.38M 16.93%	20.28M 63.84%	15.86M 21.78%
selling general and administrative expenses	18.17M -	18.15M 0.07%	26.04M 43.42%	16.98M 34.79%
research and development expenses	853.86K -
other expenses	3.61M -	10.80M 199.20%	6.84M 36.66%	6.68M 2.34%
cost and expenses	23.11M -	34.43M 48.96%	34.10M 0.95%	24.86M 27.10%
operating expenses	22.63M -	28.95M 27.93%	32.88M 13.56%	23.66M 28.04%
interest expense	298.59K -	765K 156.21%	10.53M 1,276.73%	7.79M 26.04%
ebitda	-21.17M -	-24.36M 15.11%	-25.22M 3.51%	-14.50M 42.50%
operating income	-21.73M -	-24.64M 13.41%	-25.30M 2.66%	-14.72M 41.82%
depreciation and amortization	559.66K -	276K 50.68%	77K 72.10%	216K 180.52%
total other income expenses net	261.07K -	-765K 393.02%	-14.38M 1,780%	-7.79M 45.84%
income before tax	-21.47M -	-25.41M 18.35%	-39.68M 56.18%	-22.50M 43.28%
income tax expense	6.87K -	64K 831.72%	11K 82.81%	109K 890.91%
net income	-21.47M -	-25.47M 18.61%	-39.69M 55.83%	-22.61M 43.02%
weighted average shs out	275.29M -		460.97M -	491.01M 6.52%
weighted average shs out dil	275.30M -		460.97M -	491.01M 6.52%
eps	-0.08 -	0 100%	-0.09 Infinity%	-0.05 46.46%
epsdiluted	-0.08 -	0 100%	-0.09 Infinity%	-0.05 46.46%

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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