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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 ($m)* 226.4
  • Dividend Yield (%)* 0
  • NET CASH ($M) 37.7
  • * Data as of 29 July 2021

Latest Research Summary

SPLITIT PAYMENTS: RESEARCH TIP UPDATES - April 2021
29 Apr, 2021

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Previous Research

Research Date Radar Rating  
SPLITIT PAYMENTS: RESEARCH TIP UPDATES - April 2021 29 Apr, 2021 b8d55993 View Research
SPLITIT PAYMENTS : RESEARCH TIP UPDATES - FEBRUARY 2021 04 Feb, 2021 cf843c20 View Research
SPLITIT PAYMENTS : RESEARCH TIP UPDATES - JANUARY 2021 14 Jan, 2021 d1e5cfa5 View Research
SPLITIT : RESEARCH TIP UPDATES - DECEMBER 2020 10 Dec, 2020 b69ad88b View Research
SPLITIT: RESEARCH TIP UPDATES - OCTOBER 2020 15 Oct, 2020 091d7529 View Research
SPLITIT: FY20 REPORTING SEASON - SEPTEMBER 2020 03 Sep, 2020 0f611ea6 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - AUGUST 2020 06 Aug, 2020 e607483b View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - JULY 2020 23 Jul, 2020 130f13cc View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - JUNE 2020 25 Jun, 2020 6eac3648 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - JUNE 2020 11 Jun, 2020 7ff088e1 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - MAY 2020 07 May, 2020 6e3f7bb3 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATE - APRIL 2020 30 Apr, 2020 872635c2 View Research
SPLITIT: RESEARCH TIP UPDATE - NOVEMBER 2019 14 Nov, 2019 c330fb2a View Research
SPLITIT: RESEARCH TIP UPDATE - SEPTEMBER 2019 05 Sep, 2019 863d8b36 View Research
SPLITIT PAYMENTS: RESEARCH TIP UPDATES - JUNE 2019 26 Jun, 2019 2557587f View Research
SPLITIT PAYMENTS: RESEARCH TIP - APRIL 2019 03 Apr, 2019 d1c2e13c View Research