Friday, November 22, 2024
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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

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