SEZL
- Sezzle Inc.
()
Overview
Company Summary
Sezzle Inc. is a fintech company that provides "Buy Now, Pay Later" (BNPL) services to consumers, primarily in the United States and Canada. The company partners with online retailers and enables consumers to split their purchases into interest-free installments, thereby allowing them to buy products upfront and pay for them over time.
Sezzle offers consumers the flexibility to make purchases without the need for traditional credit cards or loans. By offering interest-free installments, Sezzle aims to make shopping more accessible and affordable, particularly for younger consumers who may not have established credit or prefer to avoid traditional forms of credit.
For retailers, Sezzle serves as a payment and financing solution to increase sales and improve customer loyalty. By integrating Sezzle into their checkout process, merchants can attract more customers, boost average order values, and provide a convenient payment option that aligns with changing consumer preferences.
Sezzle generates revenue by charging merchants a fee for processing transactions and managing the risk associated with financing consumer purchases. Additionally, the company earns revenue from late fees and interest charged to consumers who do not make timely payments.
Overall, Sezzle's business model revolves around offering a more flexible and transparent alternative to traditional credit options, benefiting both consumers and online retailers.