Business
Why the Splitit (ASX:SPT) share price is on the move today – Motley Fool Australia
The Splitit Ltd (ASX: SPT) share price is up today as the company announced a partnership with competing BNPL provider QuickFee Ltd (ASX: QFE)
Meanwhile, QuickFee has entered a trading halt after announcing a $17.5 million capital raising to fund its ‘interest free’ partnership with Splitit.
Splitit is a somewhat unique play on BNPL, providing credit card based instalment solutions to businesses and retailers. Conversely, QuickFee offers a payment platform for professional services firms, allowing clients to pay by instalment while the firms receive payment in full. Hence, working in largely the same way as BNPL provider Afterpay Ltd …
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