Emerging Minneapolis fintech startup Sezzle is seeking $1.5m of investment to ‘change the way people pay for things’:
“We’re adopting new financial technology and using incentives to enable ACH as an option to pay merchants. Bank payments, or Automated Clearing House payments (ACH), significantly reduce the cost of processing, bringing the typical transaction fee down from 2.9% + 30c per transaction to 5c or less. We have built a system to incentivize all the stakeholders in the process to change the way you make and take payments.”
“Sezzle has had a good run of fundraising over the last two months, highlighted by a $500k investment from E-Merge, a Brussels-based fund with FinTech expertise,” says founder and CEO Charlie Youkam of the pursuit.
Sezzle was out at Finovate in May, the only local startup represented, and is now a semifinalist in the high tech division of this years Minnesota Cup.