What’s with the Splitit (ASX:SPT) share price today?

Splitit Ltd (ASX: SPT) shares are seesawing this morning following the company’s announcement of an approved receivables funding facility. Following the release, the Splitit share price leapt 4.2% to an intraday high of $1.50. 

At the time of writing, however, shares in the buy now, pay later (BNPL) company have retreated to $1.435, down 0.35%.

What did Splitit announce?

The Splitit share price is jumping about after the company reported it has secured a line of credit to fund its growth and capital management strategies.

According to its release, Splitit announced it has signed a US$150 million receivables funding facility with Goldman Sachs.

The newly approved line of credit not only doubles Splitit’s existing credit…