Splitit Gets USD 150M Funding From Goldman Sachs 

Splitit Payments Limited (ASX:SPT)  has announced securing a USD 150 million receivables funding facility from Goldman Sachs Bank USA. The new three-year revolving facility will aid the company in its growth strategies in the US and Europe.

Splitit's CEO Brad Paterson has stated that the new funding along with the existing robust balance sheet will accelerate the growth plans in the US and Europe amid the high demand that the company is witnessing for its funded model in these countries.

The new funding will also be the strong support for the Merchant Sales Volume growth strategy.

The funding is lower cost than SPT's existing funding and eventually, the gross margins is expected to grow over time.

TO KNOW MORE, READ HEREHow Splitit Payments' (ASX:SPT) New Revolving Facility Will Support Expansion





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