Splitit share price soars, Biqiniz gets onboard

Splitit share price soars, Biqiniz gets onboard

Online retailer Biqiniz is now offering Splitit monthly installment payments.

The Australian PayTech’s share price was up 20% yesterday to $1.33 after the company released an annual results presentation packed full of photos of sliced citrus fruits.

However, as The Motley Fool reported, it “did not appear to provide any kind of new trading or operational update for fiscal 2019 other than to reiterate some of the key operating metrics it had previously provided for its fiscal 2018 ending 31st December”.

Those metrics are that it had around 380 retailers signed up to its platform and 118,000 shoppers. It also recorded US$790,000 of revenue in 2018. “Today’s share price surge is hard to explain other than to suggest it could be related to day or momentum traders causing sharp price swings as they attempt to guess the intra-day price direction,” The Motley Fool said.

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