Past 12 months1. New $50+m capital injection with MV.
2. SplitIt board expanded to include 3 MV staff to gain further insights.
3. New $10m capital injection from existing 2 major shareholders
4. ASX deregistered.
5. Moved offshore to minimise admin costs to increase revenue.
6. Visa instalments launched in Canada with hundreds of merchants to use the service.
7. New FI PayLater to bring Issuers into POS instead of post-sale loans.
8. 5 banks about to go live with SplitIt across US (3)/Canada (2)
9. Amazon partners with VISA/SplitIt to take on card-based instalments.
10. New Regulations in USA in feb24 to tighten pure BNPL compliance.
11. No SplitIt staff have sold shares - in fact they purchased more.
12. No short selling stock to kill the company’s share price.
13. Interest rates kept climbing making it tougher for the pure BNPL business model. (ie Lay Buy collapse)
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