Splitit Awarded on the Financial Times Americas' Fastest Growing Companies 2023 List

Rhea-AI Summary

Splitit has been recognized in the Financial Times list of Americas' Fastest Growing Companies 2023, ranking 54th out of 500 companies based on revenue growth from 2018 to 2021. This acknowledgment highlights the effectiveness of Splitit's unique Installments-as-a-Service platform, which allows merchants to offer consumer credit solutions without additional applications or fees. The company’s technology addresses key issues faced in the Buy Now, Pay Later sector, enhancing customer experience and driving sales. CEO Nandan Sheth expressed pride in the team’s achievements as they continue to expand their market presence.

Positive

• Ranked 54th in the Financial Times list of Americas' Fastest Growing Companies 2023
• Achieved significant revenue growth from 2018-2021, indicating strong business performance.
• Unique Installments-as-a-Service technology enhances merchant capabilities and customer experience.

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• None.

ATLANTA , March 28, 2023 /PRNewswire/ -- Splitit, the only white-label, card-based installment platform using existing consumer credit, has been awarded on the Financial Times list of Americas' Fastest Growing Companies 2023. This prestigious award is presented by Financial Times and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on March 28^th, 2023, and can currently be viewed on the Financial Times website.

The Americas' Fastest Growing Companies 2023 ranking lists Splitit at number 54 out of the top 500 companies in the Americas that have achieved the highest compound annual growth in revenues between 2018 and 2021. The data was collected via desk research in official sources like publicly available earning presentations, investor relations, websites, and annual reports. Across 20 countries, over 7,000 public companies were examined.

Based on the results of the study, Splitit is ecstatic to be recognized on the Financial Times list of Americas' Fastest Growing Companies 2023.

"I am extremely proud to lead a company that has created a one-of-a-kind, white-label Installments-as-a-Service technology that is transforming the payments industry," says Nandan Sheth, CEO, Splitit. "It is an honor to be recognized on the Financial Times' list of fastest growing companies for the work we are doing. I want to congratulate the entire Splitit team on their hard-work and dedication as we continue to expand our capabilities and growth trajectory."

About Splitit

Splitit powers the next generation of Buy Now, Pay Later (BNPL) through its merchant-branded Installments-as-a-Service platform. Splitit is solving the challenges businesses face with legacy BNPL while unlocking BNPL at the point of sale for card networks, issuers and acquirers all through a single network API. Splitit's Installments-as-a-Service platform mitigates issues with legacy BNPL like the declining conversion funnel, clutter at the checkout and a lack of control of the merchant's customer experience while putting the power back in the hands of merchants to nurture and retain customers, drive conversion and increase average order value. Splitit's white-label BNPL is the easiest installment option for merchants to adopt, integrate and operate while delivering an uncluttered, simplified experience embedded into their existing purchase flow. Headquartered in Atlanta, Splitit has an R&D center in Israel and offices in London and Australia. Splitit is listed on the Australian Securities Exchange (ASX) under ticker code SPT and also trades on the US OTCQX under ticker SPTTY (ADRs) and STTTF (ordinary shares).

CONTACT INFORMATION:

Splitit
Lyndal Newman
lyndal.newman@splitit.com

Berns Communications Group
Felicia Kane
fkane@bcg-pr.com

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SOURCE Splitit USA, Inc.

FAQ

What is the ranking of Splitit in the Financial Times Americas' Fastest Growing Companies 2023?

Splitit is ranked 54th out of 500 companies in the Financial Times Americas' Fastest Growing Companies 2023 list.

What is the basis for Splitit's ranking in the Financial Times list?

The ranking is based on the compound annual growth in revenues from 2018 to 2021.

What technology does Splitit offer for merchants?

Splitit offers a white-label Installments-as-a-Service platform that allows merchants to provide consumer credit solutions.

Which stock exchanges list Splitit?

Splitit trades on the Australian Securities Exchange under ticker SPT, and on US OTCQX under tickers SPTTY (ADRs) and STTTF (ordinary shares).