So Splitit is an afterpay/zip-type company. 9SP is a business dashboard solution. Splitit's deal with mastercard is for a multi-year 'installment payment' solution. i.e Mastercard is buying Splitit's buy now pay later service = huge sales for SPT. 9spokes is collaborating with visa to potentially get 9spokes as an app offering to visa's small business users (not exactly sales) I would say splitit's deal with mastercard vs any 9spokes deal with visa would be completely different. The potential revenue from a visa deal would also no be a company-maker just like the deals with Bank of America, OCBC Bank, RBNZ, Microsoft co-sell... Revenue was $5.8M, down 20% from last full year report, and that includes a full year of service to the above banks (except bank of America which began in August 2019).
I'm a long-time 9sp holder so I'm a long way from being in the money, and hoping it comes good, just wondering if anyone can clarify why splitit's deal with mastercard has pushed 9sp up? I don't see any comparison at all....
9SP Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held