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Refreshed growth strategy to become the infrastructure layer of BNPL

“With MSV up 23% YoY, our results for the quarter reflect good progress by the team following a standout and seasonally busy Q4. We have continued to grow our active merchant base with a focus on high-value merchant acquisition, and it was especially exciting to advance discussions with Google about extending our agreement to its US customer base. Having spent my initial weeks as CEO getting to know the team, our product and capabilities, it has reinforced my conviction about why I joined Splitit, and I have also had the opportunity to formulate a new vision for the company in what is a rapidly evolving sector.”

“Splitit will drive the next generation of BNPL for merchants, issuers and networks by focusing on becoming the infrastructure layer of BNPL. As card networks and issuers continue to enter the BNPL market, new solutions will need to be embedded into the existing payments ecosystem. Splitit is uniquely positioned as it bridges the gap between BNPL and credit cards by making instalment payments possible on any credit card purchase at the point of sale. The ability to access customers’ available credit also means we operate an entirely different business model to providers of new debt that are under growing regulatory scrutiny, providing us with a path to scalable, profitable growth.” — Nandan Sheth, CEO

Refreshed growth strategy to become the infrastructure layer of BNPL

+23%

Merchant Sales Volume
(MSV) YoY

+73%

Net Cash Improvement
Over Prior Quarter

ASX Announcements

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