Motive acquires a majority stake in Splitit Payments

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Motive Partners, a private equity firm, has obtained a majority ownership interest in Splitit Payments, an Australian-listed BNPL organization.

Splitit provides a fully integrated, white-label payment technology platform that enables users to pay with their current card at checkout in installments without increasing their overall credit risk. Following the closing of the first USD 25 million of a USD 50 million growth commitment from funds advised by Motive Partners, the company has now moved off-exchange from Israel to the Cayman Islands.

The company anticipates that by working with Motive, it will gain access to the fintech VC’s industry network and expertise.

Read More: Motive acquires controlling stake in Splitit Payments

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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