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New York based global payment platform that enables shoppers to pay installments via their credit cards raised $71.5m in a private placement and share purchase plan (“SPP”) from Woodson Capital Management and other undisclosed investors.
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“Splitit has consistently been building the foundation to scale, and all indicators show that the time is now to accelerate our growth,” said Brad Paterson, CEO of Splitit. “We are excited to welcome new global institutional investors as part of this fund raise, including Woodson Capital Management, in addition to the support of our current investors.”
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