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Sezzle operates in the buy now, pay later (BNPL) market, allowing consumers to purchase products and split the cost into four interest-free payments. This service is designed to help younger consumers manage their finances by providing flexible payment options. For merchants, Sezzle offers a payment solution that can increase sales and reduce cart abandonment rates. The company generates revenue primarily through fees charged to merchants for processing transactions, which are justified by the increased sales they experience. Sezzle is a Public Benefits Corporation and a Certified B Corp, emphasizing its commitment to creating a positive societal impact. With 3.4 million active consumers and nearly 47,000 active merchants, Sezzle has reported significant growth, with $1.8 billion in underlying merchant sales in the past year. The goal of Sezzle is to empower the next generation financially while facilitating transactions between consumers and merchants.
Company Stage
IPO
Employees
201-500
Industries
Fintech, Social Impact
Total Funding
$201M
Headquarters
Minneapolis, Minnesota
Founded
2016
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Comprehensive Benefit Plans
Generous Parental & Family Leave
Competitive 401k Match
Paid Time Off & Volunteer Time Off
Ownership Through Equity
100% of Donations to Charity Matched
Work from Home Stipend
Highly Discounted Fitness Membership
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