Sezzle

paymentspayment gatewaysp2p payments

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 12/08/2020

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About

Sezzle is the highest consumer-rated buy now, pay later solution, enabling over 1 million active users in the United States and Canada to take control of their spending, be more responsible, and gain access to financial freedom. With over 10,000 retail partners on its platform, Sezzle's core product allows consumers to split their purchases into four interest-free payments over six weeks, which increases their purchasing power and offers them a built-in way to budget their purchases. Approval is instant and consumers' credit scores are never negatively impacted.Sezzle was founded with the mission to financially empower the next generation through building the most transparent, inclusive, and seamless payments option for online purchases. Sezzle is publicly listed on the Australian Securities Exchange ("ASX") under the ticker SZL. As a public company, Sezzle has raised over US$ 147 million in debt and equity capital to date.

MEDICI Analysis

Sezzle is a payment platform that enables direct bank-to-bank transfer of money between consumers and businesses. It provides an API that enables web- and mobile-based ACH payments, with an aim to reduce the cost of regular payment transactions.

Focus

PRODUCTS & SERVICES

Web and mobile-based payment platform for businesses.

REVENUE MODEL

The company earns revenue by charging a processing fee of 1.5% + 15 cents per transaction.

MAIN CLIENTS

Jamstik

Shopify

Freddy's

Retail consumer

businesses

COMMENT

Sezzle Pay leverages ACH payments for online and mobile purchases.

People

FOUNDERS

Charlie Youakim

Charlie Youakim

Paul Paradis

BOARD MEMBERS AND ADVISORS

Seth Twery

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Bastion Capital

Bastion Capital Corporation

CSC Upshot

Daren Cotter

E-Merge

KEY EMPLOYEES:

Killian Brackey

Mia Bernad

Emmanuel Isaac

Rishi Mukherjee

Momentum

FUNDED

NO

TOTAL FUNDING

$7.51 M

DATE OF LAST FUNDING

Dec 2019

TOTAL FUNDING COMMENT

The company is planning to use the fund to grow its volume with existing and new merchant partners. (Nov. 2018)

SEED & PRIOR FUNDING

$1.85 M

SEED CLOSED ON

Oct 2016

DEBT FUNDING

$100 M

LISTED

YES

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