Since its IPO at approx 30 cents this stock has shot through the roof by some 400%. Investors are piling in on the fintech boom that we have seen over recent times, lead by Fintech darling Afterpay. Splitit is extremely similar to Afterpay with, which makes me caution its long term viability given it does not have first mover advantage in Australia.
Splitit is an extremely stock in the long term, however with hype around fintechs we could see its price skyrocket alot more in coming days. Investors will be trading on its growth story more so its market acceptance or profitability in the short term.
Highlights
• 380 Active Merchants operating in 27 countries around the world
• Splitit transacted with 88,000 new shoppers last year, taking the Total Number of
Unique Shoppers to the end of 2018 to 118,000
• Underlying Merchant Transactions in Q4 CY18 up 269% year-on-year to $32M: a
record to date
• Total Merchant Fees received to the end of Q4 CY18: $1.45M
• Average Order Value per instalment plan in Q4 CY18: $1,050
• New Get Now, Pay Later solution secures first Active Merchant
Sector: Industrials
Industry: Business Support Services
Employees: ---
Splitit Payments Ltd is a holding company of the Splitit Group. The Company is a technology company providing cross-border credit card based installment solution to businesses and retailers. The Company provides a payment service that can be fully integrated into a merchant’s payment system. The Splitit Payment Platform operates as an intermediate technology layer between a merchant’s platform and its existing payment gateway, being an e-service that runs payment transactions for a merchant. Splitit operates within the payments framework which is established by banks, credit card providers (such as, Visa and Mastercard) and payment processors.
Splitit is an extremely stock in the long term, however with hype around fintechs we could see its price skyrocket alot more in coming days. Investors will be trading on its growth story more so its market acceptance or profitability in the short term.
Highlights
• 380 Active Merchants operating in 27 countries around the world
• Splitit transacted with 88,000 new shoppers last year, taking the Total Number of
Unique Shoppers to the end of 2018 to 118,000
• Underlying Merchant Transactions in Q4 CY18 up 269% year-on-year to $32M: a
record to date
• Total Merchant Fees received to the end of Q4 CY18: $1.45M
• Average Order Value per instalment plan in Q4 CY18: $1,050
• New Get Now, Pay Later solution secures first Active Merchant
Sector: Industrials
Industry: Business Support Services
Employees: ---
Splitit Payments Ltd is a holding company of the Splitit Group. The Company is a technology company providing cross-border credit card based installment solution to businesses and retailers. The Company provides a payment service that can be fully integrated into a merchant’s payment system. The Splitit Payment Platform operates as an intermediate technology layer between a merchant’s platform and its existing payment gateway, being an e-service that runs payment transactions for a merchant. Splitit operates within the payments framework which is established by banks, credit card providers (such as, Visa and Mastercard) and payment processors.
Comment:
IPO was at 20 cents