Fintech Startup Splitit Raises $8.5 Million on Australian IPO
The payment company, which operates a research and development center in Israel, offers users an interest-free way to spread out their payments
Founded in 2012 in Israel, Splitit has a research and development center in the country and offices in London. The company offers users an interest-free way to spread out their payments at checkout using an installment payment plan and up to two credit cards. The company stated it will use the IPO proceeds to expand its market reach. Splitit previously raised $10 million according to Crunchbase.