Splitit Payments Ltd (ASX: SPT) is a technology company headquartered in Israel providing a cross-border credit card based instalment solution to businesses and merchants. Splitit seeks to provide merchants with a tool to increase the average order value and reduce checkout and cart abandonment and give customers the ability to “buy now and pay later” by utilising their existing credit card without incurring interest, late fees or other fees.
By providing a payment service that is fully integrated into a merchant’s payment system, the Splitit payment option is offered to a customer at checkout and the customer may split the payment of his or her purchase into monthly instalments with no interest fee or credit application based on his or her existing credit or debit card.
Over the past three years, Splitit has expanded internationally into the United States, Europe, Australia and Asia (with more than 310 merchants in 25 countries) and has entered into various strategic partnerships with leading payment processors.
Pay by: 18 December 18
List Price: $0.20
Minimum Investment: $2,000
Maximum Investment: $4,000