Digital payments platform operator Sezzle Inc. (ASX: SZL) reports that it has passed the one million mark for active customers in in the United States and Canada.
CEO and co-founder Charlie Youakim said that since launching in the US in 2016, the Sezzle payments platform has enjoyed explosive growth, as both merchants and consumers have turned to Sezzle as their preferred ‘buy now, pay later’ payments solution.
“Today’s announcement comes just a few weeks after Sezzle announced that its pool of merchant partners has grown past 10,000 at the end of the 2019 fourth quarter,” Mr Youakim said.
Today is a day for celebration, not only for our company, but for our retail partners, who now have a direct path to accessing a vibrant community of over one million savvy shoppers who know how to unlock the value of their purchasing power.
“Although we are taking a moment to recognise this important milestone, we have lots of work ahead of us in making Sezzle the world’s most dynamic, far-reaching, and trusted payments platform.”
Sezzle’s Chief Revenue Officer and co-founder Paul Paradis said the Sezzle team is extremely proud to have reached this pivotal milestone.
“One million active users is a huge operational achievement, and a testament to the value our users see in our product,” Mr Paradis said.
“Whether it’s our commitment to transparency, our flexible payment terms, our user-friendly experience, or our expanding universe of retail partners, Sezzle is definitely gaining traction as the marquee ‘buy now pay, later’ solution in the US.”
Mr Paradis said that among the drivers behind the recent growth in customers was a very successful Black Friday / Cyber Monday heading into the US and Canadian holiday shopping seasons.
Sezzle provides shoppers a short-term, interest-free instalment option at online checkout that allows consumers the ability to budget their payments over time through splitting their purchase into four equal payments over six weeks.
