So I just saw a SPLITIT tweet in relation to Canyon bikes. a whopping 21% of shoppers chose to pay through SPLITIT. Further more AOV increased 13%. And that's all within 4 weeks. I did a super quick search so I'm not sure of the validity of my findings but in 2018 Canyon bikes revenues about $280m. To quantify what's going on here given this scenario could we assume an MSV from Canyon alone could be roughly at least $70m PA. 300m X .21 X 1.13 = 71m. it's superbly crude I know. if these numbers are anything to go by. imo I think this is very impressive. I think 21% is spectacular. can anyone comment a comparison with any other BNPLs
SPT Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held