Splitit Payments, incorporated in 2008 and headquartered in Tel Aviv, Israel, provides credit card-based instalment solutions to businesses and merchants across more than 27 countries. Based in Sydney, the company has a market capitalisation of AUD 183.37 million and recently debuted on the ASX on January 29th, 2019 following an oversubscribed initial public offering (IPO), that raised AUD 12 million via the issue of 60 million shares at AUD 0.20 each. There was a strong demand from both institutional and high-end retail investors.