Splitit hires former Director of Business Development at Klarna

Sydney, Australia, Feb. 7, 2019] – Splitit Payments Ltd (ASX: SPT), a leading global monthly installment payments solution business, today announced the appointment of global expansion leader Nathan Mairs as VP of Sales U.S. to drive rapid growth in North America and beyond.

Nathan joins the Company after leading Klarna’s push into the US with its installment solution ‘Slice It.’ Nathan brings a wealth of knowledge and experience in selling payment solutions to large merchants, having delivered impressive results for multi-billion dollar Swedish payments company Klarna.

Commenting on his appointment, Nathan said, “Splitit is the only payments solution that enables merchants anywhere to offer consumers everywhere frictionless interest free installments via their credit and debit cards. A truly global payments business.”

“Momentum is strong with merchant transactions reaching $94 million since launch to the end of the December quarter, up 52% growth on the previous quarter, providing a solid platform to ramp up. I’m genuinely thrilled to be joining at such an exciting and defining stage in the company’s life.”

CEO and Co-Founder, Gil Don, said, “We are excited to have Nathan join the Splitit team. He will be instrumental in delivering on our global merchant acquisition strategy.”

Nathan will work closely with the experienced international board to finesse Splitit’s global growth strategy and build on the success achieved to date.

** All amounts mentioned in this announcement are in AUD and are provided on an unaudited basis.

For more information, please contact:

 

Media Enquiries

Allison Grey

Headline Media

[email protected]

+1 323 283 8176

 

Investor and Corporate Enquiries

 

Michael Shaw-Taylor

Armada Capital

[email protected]

+61 477 383 390

 

About Splitit

 

Splitit is a payment method solution enabling customers to pay for purchases with an existing debit or credit card by splitting the cost into interest and fee-free monthly payments, without the need for additional registrations or applications. Splitit enables merchants to offer their customers an easy way to pay for purchases in monthly installments with instant approval, decreasing cart abandonment rates and increasing revenue. Serving many of Internet Retailer’s top 500 merchants, Splitit’s global footprint extends to hundreds of merchants in a number of countries around the world. Headquartered in New York, Splitit has an R&D centre in Israel and offices in London, with plans to establish itself in Australia for its expansion into the Asia-Pacific region.

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