Splitit Payments Ltd STTTF

Company Overview

Splitit Payments Ltd is a financial technology company that provides installment payment solutions that allow consumers to use existing credit cards to pay for purchases over time without applying for a new loan or line of credit. The company operates within the global payments, embedded finance, and buy now, pay later (BNPL) sectors, with a business model differentiated by leveraging consumers’ available credit on existing Visa and Mastercard cards rather than issuing proprietary credit. Its primary revenue drivers include merchant transaction fees, software and platform integrations, and enterprise payment partnerships with merchants and payment service providers.

The company primarily serves e-commerce merchants, enterprise retailers, payment processors, and consumers seeking installment flexibility without traditional BNPL underwriting. Splitit was founded in Israel and later established a broader international presence, including operations in the United States and Australia, where its shares were listed on the Australian Securities Exchange under the ticker SPT before transitioning to private ownership structures tied to investment consortium activity. Over time, the company evolved from a direct-to-merchant installment provider into a white-label embedded payments platform focused on enterprise partnerships and card-linked installment technology.