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Splitit completed A$10.5 Million Capital Raise to Unlock Next Phase of White-Label Instalment-as-a-Service Growth Plan - Vimarsana News

Splitit completed A$10.5 Million Capital Raise to Unlock Next Phase of White-Label Instalment-as-a-Service Growth Plan

Published: September 11, 2022

Company will leverage the recently completed capital raise to unlock the next phase of growth and expansion with large, global enterprise merchants and strategic partners. New and existing institutional investors participated in the placement. Splitit's management team and board of directors also participated as a strong show of confidence in the company's direction. Proceeds to be used to enhance the company's ability to scale its Instalments-as-a-Service platform, the first-of-its-kind, white-label instalments service. ATLANTA, Sept. 12, 2022 /PRNewswire/ -- Splitit (ASX:SPT, OTC...

Source: singaporestar.com
Related Topics:
United StatesCity OfUnited KingdomNandan ShethBrian BlankSplitit United States IncAustralian Securities ExchangeBuy NowPay LaterCompany Will Leverage The Recently Completed Capital Raise To Unlock Next Phase Of Growth And Expansion With LargeLobal Enterprise Merchants And Strategic Partners New Existing Institutional Investors Participated In The Placement Splitit 39s Management Team Board Of Directors Also Asa Strong Show Confidence Company Direction Proceeds To Be Used Enhance Ability Scale Its Instalments Service PlatformHe First Of Its KindHite Label Instalments Service AtlantaEpt 12022 Prnewswire Splitit Asx SptTcqx Sptty Recently Announced It Had Completedaa 10 5 Million Private Placement With Institutional Investors The Company Will Leverage This Capital To Unlock Next Phase Of Growth And Expansion LargeLobal Enterprise Merchants And Strategic Partners The Capital Raising Brought In Several New Large Institutional Investors Along With Current Participating Raise Also Included Participation From Splitit 39s Management Team Board Of DirectorsDdinga 712500 Asa Strong Show Of Confidence In The Company 39s Direction Quot We Are Very Pleased With Market Response To Our StrategyS We Break Away From The Crowded Bnpl Space With Our Instalments Asa Service PlatformUot Said Splitit Ceo Nandan Sheth Quot This New Investment Enables Us To Scale Our Service Into Underserved Verticals Such As EducationUsiness Services And Digital Native Retailers Our New Model Not Only Simplifies Checkout For The Consumer But Also Providesa Consistent Simplified Merchant Branded Experience Partners Quot Capital Allows Splitit To Accelerate Its Product Roadmap So Platform Can Embed Service Directly Into Their Technology Stack While Supportinga Next Generation One Click InstalmentUrther Simplifying The Shopper Experience Launched In May 2022Plitit 39s White Label Instalments Asa Service Platform Eliminates Unnecessary Consumer Friction And Improves Lacklustre Conversion Numbers Inherent With Legacy Buy NowAy Later Options Splitit 39s Merchant Branded Experience Embeds Into The Checkout Flow To Allow Merchants Focus On Deliveringa More Cohesive Shopping Flexible Platform Helps Delivera Faster And Simpler Payment That Generates Incremental Sales