Splitit (Formerly PayItSimple)

Powers the next generation of Buy Now, Pay Later (BNPL) through merchant-branded Installments-as-a-Service.

Launch date

2012

Employees

Market cap

Enterprise valuation

$62m (Public information from Nov 2023)

New York City New York (HQ), Jerusalem Jerusalem District (founding location)

http://splitit.com

https://twitter.com/splitit_https://www.facebook.com/splitit-709135359149284 https://www.linkedin.com/company/splitit/

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Revenues, earnings & profits over time

AUD	2019	2020	2021	2022	2023
Revenues	1.6m	6.7m	10.4m	16.4m	58.9m
% growth	-	306 %	56 %	57 %	260 %
EBITDA	(21.2m)	(24.4m)	(25.2m)	(22.4m)	-
% EBITDA margin	(1286 %)	(364 %)	(241 %)	(137 %)	-
Profit	(21.5m)	(25.5m)	(39.7m)	(34.9m)	-
% profit margin	(1304 %)	(381 %)	(380 %)	(214 %)	-
EV / revenue	132.3x	92.0x	17.5x	9.1x	-
EV / EBITDA	-10.3x	-25.2x	-7.2x	-6.6x	-
R&D budget	<1m	-	-	-	-
R&D % of revenue	52 %	-	-	-	-

Date	Investors	Amount	Round
-	Plug and Play AltaIR Capital Seed Space Venture Capital Plug and Play Accelerator Arizona	N/A	-
Jan 2012	N/A	$4.3m	Seed
Apr 2013	N/A	N/A	Angel
Jan 2015*	RTL Group Investments	N/A	-
May 2015	N/A	$10.0m	Debt
Oct 2015	N/A	$11.0m	Convertible
Jan 2019	N/A	N/A	IPO
May 2019	N/A	AUD30.0m	Post IPO Equity
Aug 2020	N/A	$71.5m	Private Placement VC
Feb 2021	Goldman Sachs	$150m	Post IPO Debt
Sep 2022*	N/A	AUD10.5m	Private Placement VC
Aug 2023*	Motive Partners	$50.0m	Post IPO Equity
Total Funding		$93.6m

Tech stackLearn more about the technologies and tools that this company uses.