Sezzle has launched its new Pay-in-2 product, which will provide shoppers with more choices at the time of payment. The Pay-in-2 offering will provide additional freedom to consumers while also giving a responsible approach to pay over time.
Sezzle is a fintech company that offers Buy Now Pay Later (BNPL) and credit-building options. Its main offering is a split payment plan that enables consumers to pay for purchases in four interest-free installments over a six-week period.
Shared points of view that avoid single points of failure are helping CFOs accelerate growth. That’s according to Karen Hartje, chief financial officer at FinTech platform Sezzle, who emphasized during a conversation for “PYMNTS CFO Series: What’s Different?” that cross-departmental communication is critical for business success.
Sezzle not only offers the longest repayment option on our list, but it also offers a unique perk that most BNPL platforms do not: the ability to have your payment history reported to the credit bureaus.
Through ICBA Member Stores, Sezzle can now offer students its payment solution at over 230 college stores across the United States and Canada the ability to pay over time, worry-free, with non-predatory flexible financing options.
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?”