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The UK-based digital bank secured the new funding from existing investors.
The new global partnership will “transform BNPL at the point of sale”, Splitit’s chief executive officer said.
He will work with Charlotte Crosswell, incoming chair of the Centre for Finance, Innovation and Technology.
The new initiative, in association with American Express, will hold its inaugural gathering for members in March.
The payment platform will use the proceeds to ‘refine’ and scale its platform, and grow payments use cases.
Jones, who is the former head of standards at Pay.UK, joins in the role of director, market development.
Beardmore said he joins Raidiam as ecosystems development director “at a critical time” in the development of Open Data initiatives globally.
The Open API platform has also strengthened its security infrastructure with another senior hire.
Charlotte Crosswell made a number of recommendations for the future of Open Banking in the UK, in the ‘Trustee End of Implementation Roadmap Report’, including an end of June deadline for a new future entity.
The ‘BMW ConnectedDrive Store’ and the ‘My BMW App’ payments will run on Stripe.
