The evidence is clear that these other BNPL are crippling customers into debt. It’s only a matter of time before they are regulated, the banks will make it happen. They will continue the tit for tat regarding merchant fees and customer late fees.
This is when Splitit will shine as a far more sustainable solution and people will realise it is actually solving a bigger problem BEYOND “I want these clothes and I want them now”.
Whilst it’s hard to wait I think it’s a long term hold with the true capability of the technology yet to be realised.
SPT Price at posting:
$1.31 Sentiment: Buy Disclosure: Held
