Motive Partners Acquired Control Stake in Splitit
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In a recent development in the financial technology sector, Motive Partners, a private equity firm focused on
technology-driven companies, announced that it has acquired a control stake in Splitit. Splitit is a leading
global payment solutions provider that allows shoppers to make purchases by splitting the cost into interest-free
monthly payments using their existing credit cards.
The acquisition of the control stake by Motive Partners signals a significant step towards expanding Splitit’s
footprint in the market and enhancing its capabilities to serve a wider range of customers. By partnering with
Motive Partners, Splitit aims to leverage the firm’s expertise and resources to accelerate its growth and
reinforce its market position as a prominent player in the payment solutions industry.
The Benefits of the Acquisition
This strategic move brings several benefits to both Splitit and its customers. First and foremost, the infusion
of capital and expertise from Motive Partners will enable Splitit to strengthen its product offerings, enhance
its technology platform, and expand its global reach. This means that shoppers around the world will have access
to Splitit’s innovative payment solutions, providing them with greater flexibility and affordability when making
purchases.
Furthermore, the partnership with Motive Partners will empower Splitit to explore new opportunities for growth and
innovation. With access to a vast network of industry connections and knowledge, Splitit can leverage this
collaboration to develop new strategic partnerships, improve its customer experience, and stay ahead of its
competitors in the ever-evolving fintech landscape.
About Motive Partners
Motive Partners is a premier investment firm that specializes in backing technology-enabled companies across the
financial services industry. With a deep understanding of the sector, Motive Partners focuses on partnering with
innovative businesses to drive transformation and create value. Their investment approach combines capital,
domain expertise, and operational support to enable companies like Splitit to achieve long-term success.
About Splitit
Splitit is a leading global payment solutions provider that offers interest-free installment plans to consumers.
Their unique payment platform allows shoppers to split the cost of their purchases into monthly installments
using their existing credit cards without the need for credit checks or applications. Splitit’s solutions are
available to online and in-store merchants, providing a seamless and convenient payment experience to millions
of customers worldwide.
Disclaimer: This article is for informational purposes only and does not constitute financial
advice.