Finance Breaking news Splitit secures $71.5m last financial news

Breaking-Finance.Com - Splitit, the ASX-listed outfit that enables shoppers to pay in instalments via their credit cards, has raised US$71.5 million in a private placement and share purchase plan.

Finance Breaking news Splitit secures $71.5m last financial news

Breaking-Finance.Com - Splitit, the ASX-listed outfit that enables shoppers to pay in instalments via their credit cards, has raised US$71.5 million in a private placement and share purchase plan.

Finance Breaking news Splitit secures $71.5m last financial news
05 August 2020 - 23:15

Breaking-Finance.Com - Splitit, the ASX-listed outfit that enables shoppers to pay in instalments via their credit cards, has raised US$71.5 million in a private placement and share purchase plan. The buy now, pay later firm says the raise comes after record second quarter growth, where it processed over $65 million in merchant sales, up 260% year over year.

.The new funds, which come from institutional investors including Woodson Capital Management, will be used to accelerate sales and marketing, plus further investments in product and technology.“We look forward to accelerating merchant and consumer adoption of Splitit in our core markets with this additional capital,” says Brad Paterson, CEO, Splitit. “We are proud to play a part in helping businesses thrive as they better meet the needs of their shoppers.”

Source = Breaking-Finance.Com

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Finance Breaking news Splitit secures $71.5m last financial news


Finance Breaking news Splitit secures $71.5m last financial news


Finance Breaking news Splitit secures $71.5m last financial news


Finance Breaking news Splitit secures $71.5m last financial news

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