Sezzle is a payments company that provides interest-free installment plans to consumers. The platform offers instant approval without affecting credit scores, aiming to increase purchasing power for users. Over 47,000 Active Merchants benefit from Sezzle, potentially leading to higher sales and transaction sizes. As the sole B Corp in fintech, Sezzle represents the potential for impact across various industries.
Sezzle (ASX: SZL)
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Here are the latest articles on Sezzle (ASX: SZL)
Sezzle rebuilding after Zip merger collapse, expects $15m in new synergies
May 1, 2023
The installment payment platform Sezzle (ASX: SZL) appears to be bouncing back from near defeat just a year ago, with a first-quarter profit of $2.6 million in 2023 compared to a net loss of $42 million in the same period last year. In the previous year, Sezzle was almost ready to throw in the towel
Un-Z1P your pants and dip into this
April 6, 2022
There has been a monumental shift within the buy now, pay later scene with companies consolidating in a recent blitz of mergers and acquisitions. Confidence in this sector has been diminishing as big players like Z1P (ASX: Z1P) have come back to earth, falling as much as 90% since their all-time highs. Following the Block
BNPL rooted as Sezzle lays off 20% of their US workforce
March 10, 2022
With the buy-now-pay-later sector in a nosedive pattern amid market saturation and unsustainable losses, operator Sezzle (ASX: SZL) has confirmed that it will be laying off 20% of its American workforce with the intention of saving $13 million in staff salaries to reduce their haemorrhaging losses. The decision, which Sezzle describes as a “difficult” one,
Sezzle planning to double BNPL customers with new $250m debt facility
February 11, 2021
With plans in motion to secure more of the buy-now-pay-later market in North America, Sezzle (ASX: SZL) will be able to extend its BNPL services thanks to a new USD $250 million credit warehouse from Goldman Sachs Bank USA and Bastion Funding. The new debt warehouse facility will replace Sezzle’s existing $100m facility while extending
Should investors succumb to the BNPL FOMO?
February 3, 2021
As with the coronavirus, the buy now pay later (BNPL) sector was expected to have fizzled out by now. Instead, it’s stepped up another level in terms of revenue usage trends and valuations. Among investors, Fear of Missing Out (FOMO) is rife as the BNPL contagion continues to displace the role of credit cards in
The New Criterion: searching for value in the ASX-listed ‘buy now, pay later’ sector
October 7, 2020
Amid the US-led tech sell off the ASX-listed buy now pay later (BNPL) sector has had a decent touch-up, with valuations as much as 40 per cent down on their recent peak levels. Is it enough to quell what many investment experts view as a clear case of irrational exuberance? The near-term price graphs tell
Sezzle to facilitate bulk lending in US through partnership with Ally Financial
September 23, 2020
Seeking to increase their buy-now-pay-later services, Sezzle (ASX: SZL) is entering the neo-lending space in the United States through a partnership with Ally Lending, a lending division of Ally Financial (NYSE: ALLY), which offers payment plan loans up to USD $40,000. The partnership will enable Sezzle to significantly increase the purchasing power of its BNPL
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