- Splitit a global payment solutions provider, announces that it signed a US$150 million receivables funding facility with Goldman Sachs Bank
- The new three-year revolving facility complements the Company’s strong balance sheet
- The facility lower cost than Splitit’s existing funding and its use expected to increase Splitit’s gross margins over time
- It provide merchant funding for Splitit’s major markets along with a structure to facilitate additional jurisdictions over time
- This large committed facility from Goldman Sachs a key pillar of our Merchant Sales Volume growth strategy
- The first warrant tranche issued on or about the first utilisation of the facility
