Sezzle has launched a partnership with Sensepass, maker of “The Wallet of Wallets,” to tap into continued consumer interest in contactless payments. Through the partnership, shoppers can make payments via the Sensepass hub, which accepts card payments, platforms like Venmo and Coinbase, and now, Sezzle.
Buy now pay later firm Sezzle signed a new $100 million credit facility with affiliates of Bastion Management, which will work as an administrative agent for the lenders, extending Sezzle’s funding into 2024.
Sezzle’s strategy to grow its presence is a mix of launching new products and payment options. Before the end of the year, the company plans to launch a physical card, dubbed Sezzle Flex. Sezzle also plans to offer various payment options through the card such as pay now and pay in four installments.
Utilising Sezzle’s long-term financing with 0% APR options available, vacationers will be able to choose from thousands of rental properties that Yapstone serves, including enterprise clients such as CiiRUS and Track.
Sezzle reported in its fourth quarter earnings that it had seen a 76% increase in active merchants year over year. There were 47,000 merchants now making use of the BNPL platform. In addition, active consumers also grew by 51.5% year over year.
Just a few years ago, buy now, pay later (BNPL) was a plucky new payment method used mostly to purchase clothing and accessories in painless installments. It was a big hit. Over time, BNPL started to embrace increasingly higher-priced items, and it is holding that trajectory by offering even more flexible terms.
Sezzle is kicking off the next installment of its holiday giving campaign between 11/30/2021 and 1/9/22. Whether you’re traveling to see family and friends, celebrating from afar, or staying right where you are –– Sezzle is bringing you “Home 4 The Holidays”.
“At Sezzle, our mission is to financially empower the next generation, and getting deeper into financial services makes a lot of sense for us,” Youakim told PYMNTS’ Karen Webster in an interview. “We’re seeing a customer who loves our product, and if they love us and trust us, what else can we offer them?”
The payments company Alliance Data Systems has formed a partnership with the buy now, pay later (BNPL) platform Sezzle, with Alliance offering its installment loan business Bread through Sezzle’s merchant network.
“Buy now, pay later,” or BNPL, lets shoppers break their purchases into equal installment payments, often interest-free, which can make even the biggest-ticket items seem affordable and the smallest purchases seem almost negligible. It’s similar to old-school layaway plans, except consumers get the product up front and pay for it in incremental amounts.
Buy now, pay later (BNPL) platform Sezzle announced Thursday (Oct. 14) it’s broadening its partnership with credit bureau TransUnion to let users establish and build credit based on their Sezzle repayment history.
“This recognition is a direct result of Sezzle’s steadfast determination to create a payment platform that both empowers shoppers and supercharges brands’ performance,” said Charlie Youakim, CEO of Sezzle. “We are honored that, once again, our customers have voiced their support for Sezzle as the most trusted Buy Now, Pay Later.”