Australian BNPL firm Splitit extends gains to 6th session, up 75% in two weeks

Splitit

28/04/2022 02:47

** Shares of buy-now-pay-later (BNPL) firm Splitit Ltd
 SPT.AX  soar as much as 19.1% to A$0.250, extending gains to a
sixth session
    ** SPT logs https://spt.live.irmau.com/site/PDF/3597a37d-95ff-4625-a205-141856b66bbb/Q1FY22QuarterlyActivitiesReportApp4C
 a 23% jump in March-quarter merchant sales volume to $101 mln
    ** 12-month active merchants increase 43% to 1,300 merchants
    ** BNPL sector remains attractive to investors, with
enticing growth prospects in major markets like the United
States as well as with involvement of major banks
    ** SPT says in an inflationary environment, payment tools
such as instalments are becoming "increasingly important"
    ** SPT stock up 75% since April 14, and set for biggest
monthly gain since June 2020
    ** More than 3 mln shares change hands on Thursday, vs the
30-day average of 1.8 mln shares 
    ** SPT down 16% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))