ASX: SPT

Investment Case

Company profile

Share price information

Below is the latest unit price trading information showing current trades since the market opened.

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Below are price charts depicting the performance of . These trend charts update each morning and are are provided by iguana2. Terms of use
 

 
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The ecommerce challenge

The problem for retailers

The single biggest challenge for e-commerce retailers is overcoming ~70% cart abandonment by shoppers. This translates into $4.6 trillion in lost e-commerce sales each year.

The problem for consumers

Price is the #1 driver of abandonment. Shoppers need flexibility, control and zero friction to seamlessly complete transactions and buy with confidence.

Splitit is the only global instalment payment platform that helps merchants overcome cart abandonment & increase conversion by allowing consumers to seamlessly use their credit on their terms.

Our Unique Position

Crowded BNPL space for competitors

  • Most BNPL providers issue new debt to shoppers
  • Lower Average Order Value merchants
  • New entrants help accelerate acceptance of instalments as a payment option around the world

Compelling Splitit merchant proposition

  • Available to 1.8BN Visa / Mastercard Cardholders, where 70% of credit is underutilised
  • No Application
  • Splitit is complementary to existing BNPL options
  • Lower default losses than other options

Sources: Experian, Creditcards.com.Negligibale losses based on historical data. Losses may vary depending on authorization model used

Size
Small Ticket
Big Ticket
No new debt
New debt

Massive addressable market

$3.4T

Ecommerce opportunity globally

+1.8B

Credit cards globally with 70% of credit not utilised

457M

Credit cards in the US, +25M past year

Sources: eMarketer.com, creditcards.com, TransUnion May 2020

Execution of strategy

Deliver amazing customer experiences

Global partnerships

Win with influential brands in key verticals

Record growth in 2020

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