From their prospectus, they are looking to fund upfront...

From their prospectus, they are looking to fund upfront themselves via factoring:

Alternative Offerings – the Company intends to undertake legaldue diligence investigations in respect to the provision of alternative offerings to merchants whereby Splitit will provide the merchant with the full purchase price up front, via the purchase of the merchant’s receivables, (as opposed to utilising a secondary credit provider (SCP)). Any decision to provide alternative offerings to a merchant will be subject to the outcome of Splitit’s investigations and Splitit obtaining all requisite regulatory approvals in the relevant jurisdictions.