From what I could work out, from underlying merchant transactions of $31,793,000 & merchant fees of $423,000, they seem to charge merchants about 1.3%.
Wafer thin margin and needs merchant transactions of $100 million plus to justify current valuation.
seed investors must be loving it and glad they listed in Australia, even though they have no (or negligible) revenue here
IPO - Splitit Payments Ltd, page-233
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