Splitit USA Inc. announced that it has entered into an agreement to receive $22.5 million in an equity round of funding from new investor Aurum, Inc. on April 1, 2016. The company will receive $15 million in tranches until September 5, 2016 to acquire 30% stake in the company and further $7.5 million to acquire 10% stake in the company over a period of 18 months.