Splitit Raises $100M in Series D

Splitit has successfully raised $100M in a Series D at a $500M valuation led by Mivtach Shamir Holdings.

Company Overview

Splitit is a Fintech company headquartered in New York, NY, founded in 2012 with 150+ employees.

Installment payment solution

Fundraising Details

• Amount Raised: $100M
• Round Type: Series D
• Valuation: $500M
• Date: 2024-10-16
• Investors: Mivtach Shamir Holdings

About Splitit

Installment payment solution The company is positioned in the Fintech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: New York, NY
• Founded: 2012
• Team Size: 150+
• Industry: Fintech

What This Means

This funding round demonstrates strong investor confidence in Splitit's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Fintech sector continues to attract significant investment as companies innovate to meet evolving market demands. Splitit's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for Splitit, positioning the company among notable players in the Fintech industry.

Looking Ahead

With this new capital, Splitit is well-positioned to execute on its growth strategy and continue building innovative solutions in the Fintech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-10-16. For more information about Splitit, visit their headquarters at New York, NY.