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SPLITIT PAYMENTS


Sector: Information Tech

Industry: Buy Now Pay Later provider

Splitit’s proprietary intermediate payment technology utilises the credit card providers’ authorisation via the merchant to allow the customer to easily buy now and pay later in installments at no cost. The process is similar to what happens when you check in to a hotel and your credit card is used to authorise an amount without actually charging it. Purchasers incur no interest charges or fees payable to the merchant or to Splitit. Normal interest and fees applicable to customers’ credit card still apply. Splitit makes money from transaction fees charged to merchants which use its service. The company is in its very early stages compared to Afterpay Touch (APT) and Zip Co (Z1P). Around 60% of revenues come from merchants based in the US, 30% in the UK.

**Estimate including equity raising proceeds
***FY21 Forecast

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  • Radar Rating Unlock
  • Market Cap ($m)* 399.6
  • Dividend Yield (%)* 0
  • NET CASH ($M) 23.2
  • * Data as of 18 November 2021

Latest Research Summary

SPLITIT PAYMENTS : RESEARCH TIP UPDATES - FEBRUARY 2021
04 Feb, 2021

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Previous Research

Research Date Radar Rating  
SPLITIT PAYMENTS : RESEARCH TIP UPDATES - FEBRUARY 2021 04 Feb, 2021 1e523ade View Research
SPLITIT PAYMENTS : RESEARCH TIP UPDATES - JANUARY 2021 14 Jan, 2021 a43ad1d3 View Research
SPLITIT : RESEARCH TIP UPDATES - DECEMBER 2020 10 Dec, 2020 c23cd3f9 View Research
SPLITIT: RESEARCH TIP UPDATES - OCTOBER 2020 15 Oct, 2020 f5a4d345 View Research
SPLITIT: FY20 REPORTING SEASON - SEPTEMBER 2020 03 Sep, 2020 3c95db35 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - AUGUST 2020 06 Aug, 2020 1287b1be View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - JULY 2020 23 Jul, 2020 71f1c30b View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - JUNE 2020 25 Jun, 2020 588e10c4 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - JUNE 2020 11 Jun, 2020 7090316d View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - MAY 2020 07 May, 2020 e0d03f16 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - APRIL 2020 30 Apr, 2020 9d73a2c4 View Research
SPLITIT: RESEARCH TIP UPDATE - NOVEMBER 2019 14 Nov, 2019 5842a3da View Research
SPLITIT: RESEARCH TIP UPDATE - SEPTEMBER 2019 05 Sep, 2019 7b816a51 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATES - JUNE 2019 26 Jun, 2019 0e9ac01a View Research
SPLITIT PAYMENTS: RESEARCH TIP - APRIL 2019 03 Apr, 2019 8bc23385 View Research