Predict your next investment

INTERNET | Internet Software & Services / Payments
splitit.com

See what CB Insights has to offer

Founded Year

2012

Stage

PIPE | IPO

Total Raised

$10M

About SplitIt

SplitIt is a service that enables consumers to pay for their retail or web purchases using their existing credit cards and to divide the total cost across as many interest-free payments as they choose, without completing a credit application or qualifying for a new credit line.

SplitIt Headquarter Location

16 E 34th St

New York, New York, 10016,

United States

+1 844 775 4848

Latest SplitIt News

The Splitit (ASX: SPT) share price slumped 8% today. Here’s why

Oct 15, 2021

Image source: Getty Images The Splitit Ltd (ASX: SPT) share price has been in the red all day today, sinking by as much as 8% in afternoon trade. The plunge follows the company’s annual general meeting , where Splitit’s leaders outlined its future direction and reflected on a year in which COVID-19 amplified its business. The company’s interim CEO , John Harper, noted that his view as an involved newcomer had led to a new action plan to increase the company’s value. Despite positive overtones and forward planning from its leaders, the buy now, pay later (BNPL) company’s stock has failed to rally. At the time of writing, the Splitit share price is trading at 41.5 cents, 5.68% lower than its previous close. Simultaneously, the broader market is gaining. The S&P/ASX 200 Index (ASX: XJO) and the All Ordinaries Index (ASX: XAO) are both around 0.5% higher right now. Splitit’s next steps forward According to today’s releases, Splitit’s annual general meeting was topped off by the company’s interim CEO’s address . Within his speech, Harper outlined several changes Splitit will be making soon, saying: We are operating in a market that is moving and growing quickly. We need to bring a greater sense of urgency to capitalise on this opportunity from a sales perspective… [Splitit has] a natural and untapped opportunity in the market, but we need to do a better job of effectively articulating [its] value. To help grasp such opportunities, Harper will bring in a chief people officer and a product team. He said the new additions would foster collaboration within Splitit’s global segments and allow its technical engineers to remain connected to customers’ needs. The company will also focus on the North American and United Kingdom markets. Harper said doing so would enable it to tap into more “higher-value merchants”. It will also focus on improving its core product and attracting new merchants while reducing costs. Splitit share price snapshot The Splitit share price has had a challenging year so far, falling 68% since the start of 2021. Splitit shares are also trading 72% lower than this time last year. Should you invest $1,000 in Splitit right now? Before you consider Splitit, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Splitit wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing SplitIt

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned SplitIt in 2 CB Insights research briefs, most recently on Sep 22, 2021.

Expert Collections containing SplitIt

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SplitIt is included in 5 Expert Collections, including Digital Lending.

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

P

Payments

1,614 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

C

Conference Exhibitors

5,302 items

F

Fintech

26,163 items

US-based companies

B

Buy Now, Pay Later

95 items

Track and capture company information and workflow.

SplitIt Patents

SplitIt has filed 2 patents.

The 3 most popular patent topics include:

  • Accounting terminology
  • Banking technology
  • Corporate finance
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/30/2020

Payment systems, Payment service providers, Banking technology, Embedded systems, Interbank networks

Application

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

6/30/2020

00/00/0000

Grant Date

00/00/0000

Title

Subscribe to see more

Related Topics

Payment systems, Payment service providers, Banking technology, Embedded systems, Interbank networks

Subscribe to see more

Status

Application

Subscribe to see more

SplitIt Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

SplitIt Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.