A very, very sad and desperate attempt to try and stay relevant. What this says to me that after nearly 12 years in business, Splitit has one single client that they can promote and talk about. Not a good sign at all - and fast forward 12 months or so, my honest view is that Nanden will leave, and company will run of money and go into Voluntary administration.
2022 has come and nearly gone, and not too much to show for it - same in 2021, and 2022. What will change in 2023?
I would so much prefer Nandem to be honest that John was on a quarterly and tell shareholders, splitit is a hard product to understand, not getting much traction and is around the 10th BNPL consideration for companies around the world behind the major players.
A whitelabel solution is completely and utterly useless if Merchants refuse to us it. And by now it should be clear, its a hard sell.
SPT Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
