Thursday, 17 August, 2023

Splitit, BNPL Provider, Transitions to Private Status in Exchange for Funding

BNPL (Buy Now Pay Later) platform provider, Splitit, has announced its decision to go private in exchange for new funding. The move aims to strengthen the company's financial position and enhance its growth strategy. As part of the transition, Splitit plans to secure fresh funds from investors and focus on expanding its market presence in the BNPL sector. This strategic shift reflects the evolving landscape of the financial technology industry.