Friday, November 22, 2024
8.7 C
New York

Sezzle: Reports record growth in April

Sezzle: Reports record growth in April

  • Afterpay rival, Sezzle (SZL) has delivered record growth in April, despite the coronavirus pandemic
  • The company has reported a strong start to the second quarter of 2020
  • In April, Sezzle reported record monthly underlying merchant sales of US$57.9M, which is a 40 per cent increase in the average monthly sales
  • The buy now, pay later businesses underlying merchant sales for the first-quarter sizzled up 321 per cent to US$119.4M
  • It also added 1100 active customers this month, which is also a new record for the company
  • Sezzle is up 14.3 per cent on the market this morning and is trading for $2.08 per share

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img