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Splitit: Secures $150m facility from Goldman Sachs

February 8, 2021

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