Splitit (Formerly PayItSimple)
Powers the next generation of Buy Now, Pay Later (BNPL) through merchant-branded Installments-as-a-Service.
Launch date
Employees
Market cap
AUD28.8m
Enterprise valuation
AUD95m (Public information from Nov 2023)
Share price
AUD0.075 SPT.AX
New York City New York (HQ), Jerusalem Jerusalem District (founding location)
Financials
Estimates*
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 |
---|---|---|---|
- | N/A | - | |
N/A | $4.3m | Seed | |
N/A | N/A | Angel | |
* | N/A | - | |
N/A | $10.0m | Debt | |
N/A | $11.0m | Convertible | |
N/A | N/A | IPO | |
N/A | AUD30.0m | Post IPO Equity | |
N/A | $71.5m | Private Placement VC | |
$150m | Post IPO Debt | ||
* | N/A | AUD10.5m | Private Placement VC |
* | $50.0m | Post IPO Equity | |
Total Funding | AUD145m |
Recent News about Splitit (Formerly PayItSimple)
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