Splitit raises $A10.5m

Launched in Could, Splitit’s white-label Instalments-as-a-Service platform guarantees to remove shopper friction and improves lacklustre conversion numbers inherent with legacy purchase now, pay later choices.

“We’re very happy with the market’s response to our technique, as we break free from the crowded BNPL house with our Instalments-as-a-Service platform,” says Splitit CEO Nandan Sheth. “This new funding permits us to scale our service into new underserved verticals equivalent to training, enterprise providers and digital-native retailers.”,