Minneapolis Fintech Startup Sezzle Closes On $1.8m Round

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Minneapolis fintech startup Sezzle has closed on $1.8m of financing as part of an oversubscribed round that began earlier this spring.

Sezzle is a merchant processing platform for businesses to save money on their ACH transactions while consumers receive cash back rewards for purchases.  “Works like debit, rewards like credit,” is the motto.

The venture was one of three that went to the high tech finals in the Minnesota Cup this year, an experience that CEO Charlie Youakim says “gave them a bump,” as a key angel emerged via the annual competition.

Youakim says the capital will be used for runway as the product goes to market for the first time on Shopify later this month.

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