Sezzle

Founded in 2016 in Minneapolis, US, Sezzle Inc. provides a payment solution that allows consumers to shop more freely. The company has undergone strategic shifts since its inception, including a merger with Zip Co Limited in February 2022, which was later terminated in July 2022. Charlie Youakim serves as the CEO.Sezzle offers a "Buy Now, Pay Later" service that enables consumers to make purchases in-app or in-store by splitting the total cost into four equal installments paid over six weeks, without incurring interest. This service provides flexibility similar to that of a credit card, but without the associated interest rates or hidden fees, addressing the needs of consumers who seek manageable payment options.736587 mn. Sezzle generates revenue through transaction fees associated with its services to both consumers and merchants, whereby merchants benefit from increased average order values and conversions when they integrate Sezzle’s services into their platforms.Sezzle Inc. plans to utilize the funds from its most recent Private Placement/Follow on to enhance growth in North America, focus on future product innovations, and invest in increased sales and marketing resources. The company aims to design and launch new products that will better serve its consumers. Specific details regarding the launch dates of these products have yet to be disclosed. Sezzle is also exploring opportunities for expansion into additional markets, although specific regions have not been identified at this time.

1. Seed

   Apr 14, 2016

   Amount

   $1.9M

   Investors

   Locked