About Splitit
Splitit is a company based in New York (United States) founded in 2009.. The company has 80 employees as of December 31, 2020. Splitit offers products and services including E-commerce Installments, Splitit Go, and Pay After Delivery. Splitit operates in a competitive market with competitors including Afterpay, Zip, Klarna, Sunbit and Snap Finance, among others.
- Headquarter New York, United States
- Employees 80 as on 31 Dec, 2020
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Splitit Ltd.
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Annual Revenue
$10.41 M3.1as on Dec 31, 2022
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Net Profit
$-22.23 M42.06as on Dec 31, 2022
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EBITDA
$-13.81 M47.9as on Dec 31, 2022
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Latest Funding Round
$50 M (USD), Post-IPO
Aug 18, 2023
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Investors
Plug and Play Tech Center
& 2 more
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Employee Count
80
as on Dec 31, 2020
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IPO & Listings of Splitit
Splitit is a publicly listed company on the OTC with ticker symbol STTTF in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Splitit
Splitit offers a comprehensive portfolio of products and services, including E-commerce Installments, Splitit Go, and Pay After Delivery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables white-label installments for online shopping transactions
Offers installment options for in-person and online purchases
Allows customers to pay for items after delivery
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Funding Insights of Splitit
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $50.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Post-IPO - Splitit | Valuation |
investors |
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| Sep, 2022 | Amount | Post-IPO - Splitit | Valuation |
investors |
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| Aug, 2020 | Amount | Post-IPO - Splitit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Splitit
Splitit has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Plug and Play Tech Center, Motive Partners and Woodson Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in financial services sector are facilitated.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Splitit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Splitit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Splitit Comparisons
Competitors of Splitit
Splitit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Afterpay, Zip, Klarna, Sunbit and Snap Finance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Payment solutions are provided for deferred purchasing by Zip.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online platform for retailers.
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| domain | founded_year | HQ Location |
Merchandise financing is offered through partner stores.
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| domain | founded_year | HQ Location |
Point-of-sale financing is enabled for installment purchases at partnered retailers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Splitit
Frequently Asked Questions about Splitit
When was Splitit founded?
Splitit was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Where is Splitit located?
Splitit is headquartered in New York, United States. It is registered at New York, New York, United States.
How many employees does Splitit have?
As of Dec 31, 2020, the latest employee count at Splitit is 80.
What is the annual revenue of Splitit?
Annual revenue of Splitit is $10.41M as on Dec 31, 2022.
What does Splitit do?
Splitit was founded in 2009 in New York, United States, within the fintech sector. An online platform is operated to facilitate point-of-sale financing, allowing installment payments through existing credit cards. This service supports both online and offline transactions at partnered stores. Solutions are provided to eCommerce platforms and brick-and-mortar retailers for accepting such payments, enhancing payment flexibility for users.
What products or services does Splitit offer?
Splitit offers E-commerce Installments, Splitit Go, and Pay After Delivery.
Is Splitit publicly traded?
Yes, Splitit is publicly traded on OTC under the ticker symbol STTTF.
Who are Splitit's investors?
Splitit has 3 investors. Key investors include Plug and Play Tech Center, Motive Partners, and Woodson Capital Management.
What is Splitit's ticker symbol?
The ticker symbol of Splitit is STTTF on OTC.