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) 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.
The Minnesota Timberwolves have announced a multi-year partnership with Sezzle (NASDAQ: SEZL), naming the Minneapolis-based fintech company as their 'Official Jersey Patch Partner'. This marks Sezzle's first venture into sports partnerships with an NBA team. The collaboration includes:
1. Sezzle's logo on Timberwolves jerseys, debuting in the 2024-25 preseason opener
2. Designation as the season presenting partner
3. In-arena signage and promotions
4. Community events
5. Involvement with the Minnesota Lynx, including on-court promotions and digital content
Sezzle, known for its Pay in 4 payment platform, aims to expand its consumer base through this partnership, while the Timberwolves seek to leverage Sezzle's financial technology expertise.
Sezzle Inc. (NASDAQ:SEZL) reported strong Q2 2024 results, raising its FY24 guidance. Key highlights include:
- Underlying Merchant Sales (UMS) up 38.9% YoY to $532.2 million
- Total Revenue grew 60.2% YoY to $56.0 million
- Net Income reached $29.7 million, including a $16.8 million tax benefit
- Adjusted Net Income at $13.1 million, or 23.3% of Total Revenue
The company raised its FY2024 guidance, now expecting Total Revenue growth of 35%-40% YoY and Net Income of $55.0 million. Sezzle also completed its $20.0 million stock repurchase plans and is nearing completion of a bank sponsor partnership, anticipated to launch in Q4 2024.
Sezzle Inc. (NASDAQ:SEZL), a purpose-driven digital payment platform, has announced it will release its second quarter 2024 financial results after the market close on August 07, 2024. The company will host a conference call at 5:00pm ET on the same day to discuss the results. Investors can register for the call at the provided link and are encouraged to submit questions in advance via email. This announcement provides an opportunity for shareholders and analysts to gain insights into Sezzle's performance and future outlook.
Sezzle Inc. (NASDAQ: SEZL), a leading Buy Now, Pay Later (BNPL) platform, has launched Spanish-language capabilities for its app and checkout process. This strategic move aims to enhance financial inclusivity for over 40 million Spanish-speaking Americans. The initiative addresses the needs of a significant portion of Sezzle's user base, with 22% of its users speaking Spanish at home.
By eliminating language barriers, Sezzle seeks to provide Spanish-speaking consumers with better tools for financial management and access to BNPL services. This development comes at a important time, as the Spanish-speaking population in the US faces challenges in financial inclusion, credit accessibility, and financial literacy. Sezzle's Spanish-language interface aims to offer user-friendly and transparent financial solutions tailored to this demographic's needs.
Sezzle (NASDAQ: SEZL), a prominent Buy Now, Pay Later (BNPL) solution provider, has announced a strategic partnership with Heritage Grocers Group. This collaboration extends Sezzle's payment solutions to Heritage Grocers Group's 115 stores across various banners: Cardenas Markets, El Rancho Supermercado, Tony’s Fresh Market, and Los Altos Ranch Market.
The partnership arrives amid a 40% annual increase in grocery purchases via BNPL, indicating high consumer demand for flexible financing options. This move will allow shoppers to spread out grocery payments, enhancing financial flexibility for many households.
Sezzle's President, Paul Paradis, and Heritage Grocers Group's COO, Prabash Coswatte, emphasized the collaboration's potential to improve customer budget management and convenience. This initiative strengthens Sezzle's position in the BNPL sector and marks another milestone in its expansion into the grocery market.
Sezzle, a leading Buy Now, Pay Later (BNPL) provider, has expanded its Payment Streaks program to Canadian users. The program, which rewards users for making timely payments, promotes financial responsibility and enhances customer experience. By successfully making payments on or before their due dates, users accumulate streak points that enable them to advance through loyalty tiers within a rolling 90-day window. Failed payments can be resolved the same day to maintain tier status. Benefits of the program include monthly giveaways and referral bonuses. The Payment Streaks program is available to U.S. and Canadian users (excluding Quebec) via the Sezzle app.
Sezzle (NASDAQ: SEZL) has announced a new $15 million stock repurchase program, following the completion of its previous $5 million plan. The Board's decision reflects confidence in the company's momentum and commitment to enhancing shareholder value through strategic capital allocation. The repurchases will be conducted in open market transactions, adhering to SEC Rule 10b-18 and federal securities laws. Sezzle emphasizes flexibility, noting that the program can be extended, paused, or discontinued at the company's discretion. The fintech company aims to financially empower consumers with its interest-free installment payment platform.
Sezzle announced the resignation of Paul Purcell from its Board of Directors, effective June 6, 2024. Mr. Purcell, who has served since April 2019, was a member of various committees and decided not to stand for reelection at the 2024 Annual Meeting of Stockholders. Sezzle is postponing this meeting, originally set for June 13, 2024, and will provide updated details soon. Mr. Purcell is stepping down to focus on his other professional commitments, including his roles at Jupiter Management and other companies. Sezzle expressed gratitude for his contributions and leadership during his tenure, noting the company's growth from a private firm to a NASDAQ-listed entity.
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