As the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today announced that it has a $60 million "capital commitment" from strategic investors including Thorney Investment Group, Parea Capital and Motive Partners. Bringing the startup's total raised to around $350 million (assuming the deal goes through), the proceeds will be put toward growth and "supporting the execution of its strategic plan," according to managing director and CEO Nadan Sheth.
Paris [France], February 2 (ANI/PRNewswire): Ingenico, a global leader in payments acceptance solutions and Splitit, the only white-label, card-based installment platform using existing consumer credit, today announced a global strategic partnership to bring one-touch, no-interest, buy now, pay later capability to the physical checkout experience using PPaaS, Ingenico s innovative, cloud- based Payments-Platform-as-a-Service, and Splitit s Installments-as-a-Service solution.
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- Over half of UK credit card holders (54%) plan on using a Buy Now, Pay Later (BNPL)1 service within the next 12 months. - 46% agree using a BNPL service is a smarter way to manage their