Kindrik Partners recently advised Split on its seed investment round led by 500 Startups.

Split is a ‘buy-now-pay-later’ service that gives businesses the ability to offer payment via interest-free instalments. Its solution can be integrated with offline stores, e-commerce platforms, and businesses that sell via chat apps or social media.

Split was founded in 2018 by Dylan Tan and Vishvesh Suriyanarayanan as a part of venture builder Entrepreneur First’s talent investment programme.

Chris Wilson, who heads our Singapore office, commented, “Fintech startups with strong offerings are continuing to successfully attract capital in these times, particularly startups like Split that are offering solutions that help businesses address shifts in consumer spending behaviour.”

Khailee Ng, managing partner of 500 Startups says of the deal, “We see incredible potential in how their instalment payment service works not just for large retailers but also serves a massive longtail of small and medium businesses selling online, offline or via social commerce.”

The startup has so far partnered with brands across Malaysia and Singapore. We look forward to seeing the company grow.

Read our other recent deal announcements here.