Splitit

Interest-free Installment Payment Solutions

Fintech & Insurtech
Active
Public Tel Aviv-Yafo Founded 2012
Total raised
$105.1M
Last: PIPE 2020-08
Stage
Public
Founded
2012
Headcount
83
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech

About

Splitit is a global payment solution that enables customers to pay for purchases with an existing debit or credit card by splitting the cost into interest-free monthly payments, without the need for additional registrations or applications. Splitit benefits consumers by offering an attractive payment option to better manage their cash flow, while also helping online retailers generate higher sales revenue and create new customers by converting consumers who would have otherwise abandoned their carts. Serving many of Internet Retailers top 500 merchants, Splitits footprint expands to more than 300 merchants in 25 countries and has been patent protected in the United States since 2012. Headquartered in New York, Splitit has a research and development center in Israel and an office in London.

Funding history · 4 rounds · $105.1M total

2020-08
PIPE $71.5M
2015-05
Debt Financing $10.0M
2013-04
Undisclosed Undisclosed
2012-01
Seed $4.3M

Sectors & technology

Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesAPIArtificial Intelligence
Target customers
Financial ServicesConsumersRecreational & LifestyleDemographics & FamilyCommerce & RetailDistribution Channels
Business model
B2B2CB2B

Highlights

1 PatentsVerified

Tags

online-retailersfintechmobile-applicationsmanagement-solutionsweb-platformcredit-cardspaymentscard-paymentsecommerceonline-shoppingretailerscustomer-engagement