From the annual report: "Most importantly, unlike other BNPL...

From the annual report: "Most importantly, unlike other BNPL providers, Splitit does not issue new credit or loans to consumers."

From the 4C: "On December 2019, the company signed loan agreement with SHAKED Fund for a total of US$8,000K. This loan facility is designated for funding of Customers. The company used US$3,660K as of Q1 2020, and the remaining financing facility is US$4,340K".

Can anyone tell us why does Spitit need to fund customers (presumably, merchants)????

Cheers