Welcome to our dedicated page for Sezzle news (Ticker: SEZL), a resource for investors and traders seeking the latest updates and insights on Sezzle stock.
Sezzle Inc. (NASDAQ: SEZL) is a pioneering fintech company dedicated to improving financial accessibility through its innovative payment platform. Founded in 2016, Sezzle allows consumers to split their purchases into four equal, interest-free installments, payable over six weeks. With only the first payment due at the time of purchase, this 'Buy Now, Pay Later' (BNPL) solution has gained significant traction among consumers seeking budget-friendly payment options.
Sezzle's platform is designed to empower users to manage their finances more effectively, offering features like Sezzle Up, which reports payment history to credit bureaus, helping customers build their credit scores. The service is available for both online and in-store purchases, making it versatile and convenient for diverse shopping preferences.
Sezzle's commitment to financial empowerment and responsible spending has led to numerous strategic partnerships. Most notably, the company has teamed up with Sportsman's Warehouse to offer its flexible financing solution, enhancing consumers' purchasing power just in time for the holiday season. This partnership underscores Sezzle's expansion into the outdoor retail market, providing customers with a seamless shopping experience for their outdoor gear needs.
The company's recent financial highlights include the successful refinancing of its credit facility with Bastion Management, boosting Sezzle's liquidity and supporting future growth initiatives in the U.S. and Canadian markets. Additionally, Sezzle's inclusion in the Russell 2000® and Russell 3000® indexes marks a significant milestone, reflecting its growing market presence and investor recognition.
Sezzle is committed to maintaining the highest standards of security and transparency. The platform ensures a secure transaction process, protecting user data with robust security measures. As a certified B Corporation, Sezzle is also dedicated to making a positive social impact, aligning its business practices with broader societal goals.
Sezzle's easy and quick sign-up process, transparent terms, and interest-free payment plans make it an attractive option for consumers looking to manage their spending without incurring additional costs. By continuously innovating and expanding its offerings, Sezzle aims to be at the forefront of the BNPL industry, driving financial inclusivity and helping consumers regain control over their financial futures.
For the latest updates and more information on Sezzle's performance, news, and developments, visit Sezzle News.
Sezzle (NASDAQ:SEZL) has announced it will release its fourth quarter 2024 financial results after market close on February 25, 2025, followed by a conference call at 5:00 PM ET. Investors can register for the call through a provided link and are encouraged to submit questions in advance via email.
The company will also participate in two upcoming investor conferences: the Oppenheimer 10th Annual Emerging Growth Conference on February 26, 2025, and the Wolfe FinTech Forum 2025 on March 11, 2025. An updated investor presentation will be available on Sezzle's Investor Relations page before these events.
Sezzle (NASDAQ:SEZL) has announced it expects to exceed its previously provided FY2024 guidance for revenue and income metrics. The company attributes this positive outlook to exceptional holiday demand and successful strategic initiatives in Q4 2024.
Key projections include exceeding the prior guidance of:
- 55% revenue growth from FY2023's $159.4M
- Net income of $71.5M (previous year: $7.1M)
- Net income per diluted share of $12.05 (previous year: $1.25)
- Adjusted net income of $58.0M (previous year: $5.6M)
- Adjusted net income per diluted share of $9.80 (previous year: $0.99)
The company expects to meet its target of 55.0% for Total Revenue Less Transaction Related Costs as a percentage of Total Revenue, up from 50.8% in 2023. Final audited results will be released in the Form 10-K filing expected at the end of February 2025.
Sezzle (NASDAQ:SEZL) has launched Money IQ, an in-app financial education platform powered by Zogo. This innovative feature offers interactive learning modules based on The National Standards for Personal Finance Education, making Sezzle the first BNPL company to introduce such a program.
The platform offers bite-sized modules covering topics like budgeting, debt repayment, and retirement savings. Non-subscribers can access 10 modules and earn up to $5 in rewards, while subscribers get access to 50 modules and can earn up to $25 in Sezzle Spend. The initiative addresses a critical need, as a November 2024 Sezzle survey revealed only 37% of respondents felt confident about their finances.
The program aims to bridge the financial literacy gap, particularly among Gen Z adults, where 28% report lacking financial knowledge according to a FICO survey. Users earn experience points (XP) for completing modules, which can be redeemed for Sezzle Spend rewards.
Sezzle (NASDAQ: SEZL), a flexible payments industry leader, has announced its participation in the upcoming 27th Annual Needham Growth Conference on January 16, 2025. Key company executives, including Chairman and CEO Charlie Youakim, CFO Karen Hartje, and SVP of Corporate Development and Investor Relations Lee Brading, will be attending the conference.
Sezzle (NASDAQ: SEZL) has announced a strategic partnership with Bealls Inc., integrating its Buy Now, Pay Later (BNPL) payment solution across Bealls' online platform and 650+ physical stores. The partnership launches ahead of the holiday season, where BNPL services are seeing increased demand. According to a November 2024 Sezzle survey, over 50% of shoppers plan to increase their holiday spending using BNPL options.
The collaboration enables customers to split purchases into interest-free installments over six weeks. Last year's holiday season saw $16.6 billion in online BNPL purchases, marking a 14% year-over-year increase. Recent surveys indicate that 43% of consumers consider BNPL availability when choosing retailers, and 67% of parents plan to use BNPL for holiday purchases.
Sezzle (NASDAQ:SEZL) has announced a partnership with Rural King, America's Farm and Home Store, to provide flexible payment solutions across all 130 store locations and online platforms. The partnership enables Rural King customers to utilize Sezzle's Pay-in-4 interest-free financing option for their purchases. This launch is strategically timed for the holiday season, following significant growth in Buy Now, Pay Later services, which saw a 47% increase on Black Friday and 42.5% rise on Cyber Monday in 2023, with $940 million in purchases made through these services on Cyber Monday alone.
Sezzle (NASDAQ:SEZL) announced a new partnership with Backcountry, replacing their previous BNPL provider across all Backcountry brands, including Steep & Cheap, Competitive Cyclist, and MotoSport. The partnership was driven by Sezzle's superior approval rates and ability to serve diverse customer profiles. Backcountry customers will be able to split purchases into four interest-free payments over six weeks. The collaboration aims to enhance shopping experience and drive higher conversion rates both online and in-store.
Sezzle (NASDAQ:SEZL) reported strong Q3 2024 results with significant growth across key metrics. Underlying Merchant Sales increased 40.6% YoY to $659.9 million, while Total Revenue grew 71.3% YoY to $70.0 million. The company achieved record Operating Income of $20.8 million, up 289.6% YoY, and Net Income of $15.4 million ($2.62 per diluted share). Sezzle launched a banking program with WebBank and introduced On-Demand, a Pay-in-4 product. The company raised its FY2024 guidance, now expecting Net Income of $71.5 million and Total Revenue growth of 55%.
Sezzle (NASDAQ: SEZL) announces a strategic partnership with Shoplazza, an e-commerce platform, to provide Buy Now, Pay Later (BNPL) solutions to US merchants. The integration enables Shoplazza merchants to offer flexible payment options including Pay in 4 and Pay in 2 loans issued by WebBank. The partnership aims to drive incremental sales, increase Average Order Value (AOV), boost cart conversion rates, and build customer loyalty. Additionally, through Sezzle Up, consumers can opt for credit reporting to improve their credit performance while managing finances.
Sezzle Inc. (NASDAQ:SEZL), a purpose-driven digital payment platform, has announced it will release its third quarter 2024 results after the market close on November 07, 2024. The company will host a conference call at 5:00pm ET on the same day. Participants can register for the call at https://dpregister.com/sreg/10193861/fdcca5b749 and will receive their dial-in number upon registration.
Investors are encouraged to submit questions in advance by emailing investorrelations@sezzle.com. Sezzle, a certified B , offers installment plans online and in-store, aiming to increase purchasing power for consumers and promote financial empowerment.
FAQ
What is the current stock price of Sezzle (SEZL)?
What is the market cap of Sezzle (SEZL)?
What is Sezzle Inc.?
How does Sezzle's payment platform work?
What recent partnerships has Sezzle announced?
How does Sezzle help users build credit?
Is Sezzle available for both online and in-store purchases?
What security measures does Sezzle implement?
What is Sezzle's mission?
What significant financial milestones has Sezzle achieved recently?
How do I sign up for Sezzle?
Where can I find more information on Sezzle's news and updates?
