Splitit’s CEO Sees Installment Credit Trending Up in the U.S. [VIDEO]

  • JJ Hornblass
  • April 1, 2016
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What’s the future of installment credit globally, and in the U.S. specifically? Alon Feit, the CEO and Co-Founder of Splitit, which provides such POS, retail financing, told Bank Innovation that installment credit is trending higher. There’s much going on in the space — and at Splitit, in particular — and Feit shares his views on the trend in this video.

Splitit, which is based in Israel, has raised $10 million of debt financing and $5 million in equity to date, according to the company.

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JJ started the first iteration of Bank Innovation back in 2007, and has been working on it ever since. He also serves as President & Chief Executive Officer of Royal Media, Bank Innovation’s parent. He founded Royal in 1995 and oversees all aspects of the New York-based diversified media company. Prior to forming Royal, JJ was on the editorial staff of American Banker, the daily newspaper, and worked as an editor of a business magazine in Hong Kong. As a reporter and editor, he has won journalism awards from the National Press Foundation, Newsletter & Electronic Publishers Foundation, and the Reader’s Digest Foundation. He has a BS in Economics from Yeshiva University and a Master’s from the Columbia University Graduate School of Journalism. He was also a Fellow at the University of Wisconsin-Madison Graduate School of Banking. He lives in New York City with his wife, two daughters, and son. He counts among his accomplishments one New York City Marathon, two New York City Triathlons and the 2010 Father’s Day 5K, the first race he ever ran with his daughters. He can be reached at hornblass@gmail.com or 212-564-8972.

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