Thought Leaders in Financial Technology: Splitit CEO Brad Paterson (Part 3)

Sramana Mitra: What is your largest retailer that uses this functionality? Brad Paterson: There is a number and not all of them are public, so I can’t share their size. We have Purple for example.  Sramana Mitra: Is that the mattress company?

Thought Leaders in Financial Technology: Splitit CEO Brad Paterson (Part 2)

Sramana Mitra: What do you charge the retailers for this facility? Brad Paterson: It depends. Cash flow is king, especially today. The pricing starts from 3% for three installments. If the retailer wants to offer 6 or 12 installments, then that pricing increases.  Sramana Mitra: You are basically factoring the retailers’ installment payments?

Thought Leaders in Financial Technology: Splitit CEO Brad Paterson (Part 1)

Brad discusses FinTech in the context of high ticket e-commerce. Sramana Mitra: Let’s introduce our audience to you as well as Splitit.  Brad Paterson: We are a global installment payment company. We are the only installment payment company that allows consumers with a credit card to split a payment into installments and pay over time.

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