You can Splitit your way

Spiro Pappas is the Chairman of Splitit - a recently listed business on the ASX which offers the ability to purchase items using a credit card and the capacity to split the payments over several instalments. Alan Kohler spoke to Spiro to find out how the business works, who's behind it all, and how much cash the company is burning through.

Spiro Pappas is the Chairman of Splitit, the absolute phenomenon that is sort of a competitor to Afterpay; but not really - it does a different thing. 

The point about Splitit is that it listed a couple of months ago at 20 cents and is now $1.65 (on Tuesday 12 March, 2019), so it’s been by far the best performer in the market so far this year and it’s got a market cap of around $260 million dollars. 

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