Splitit is a financial technology company that specializes in providing a payment solution that allows consumers to split their purchases into interest-free monthly payments using their existing credit cards. Founded in 2012 and based in New York, Splitit aims to enhance the shopping experience by offering a flexible payment option without the need for consumers to take out new credit or loans.

Key Features:

1. Interest-Free Payments: Splitit allows customers to divide their total purchase amount into manageable monthly payments without incurring interest, as long as they pay on time.

2. No Credit Check: Since the service uses existing credit card limits, there is no need for a credit check, making it accessible to a broader range of consumers.

3. Seamless Integration: The platform can be easily integrated into e-commerce websites and checkout processes, allowing merchants to offer this payment option without significant technical hurdles.

4. Consumer Control: Customers can choose the number of payments and the payment schedule, providing flexibility in how they manage their finances.

5. Merchant Benefits: For merchants, Splitit can help increase conversion rates and average order values by providing customers with a more attractive payment option.

Notable Mentions and Achievements:

• Splitit has partnered with various e-commerce platforms and retailers to enhance their payment offerings.
• The company has received recognition in the fintech space for its innovative approach to payment solutions.
• It has been featured in various financial and technology publications for its unique model that leverages existing credit rather than creating new debt.

As of my last update in October 2023, Splitit continues to expand its partnerships and enhance its services in the payment processing industry. If you need more specific or updated information, I recommend visiting their official website or checking recent news articles about the company.