What to know about the 2020 Sezzle financial report:
The Quote: Charlie Youakim, Executive Chairman and CEO of Sezzle
“We are excited about the momentum in our business reflected in the velocity of signups for both consumers and merchants. 2021 is off to a good start, as January’s UMS of US$117.8 million was a record and 65% above our average monthly pace in 2020. We are also pleased to provide UMS guidance for Sezzle to achieve an annualized run rate UMS of US$2.5 billion by the end of 2021.”
For more information about the 2020 Sezzle financial report, read the full release below. Also, check out more Sezzle coverage.
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MINNEAPOLIS, Feb. 26, 2021 /PRNewswire/ — Sezzle Inc. (ASX: SZL) (Sezzle or Company) // – Installment payment platform, Sezzle, is pleased to provide its financial results for the year ended 31 December 2020 (FY2020).
“We are excited about the momentum in our business reflected in the velocity of signups for both consumers and merchants. 2021 is off to a good start, as January’s UMS of US$117.8 million was a record and 65% above our average monthly pace in 2020,” stated Sezzle Executive Chairman and CEO Charlie Youakim. “We are also pleased to provide UMS guidance for Sezzle to achieve an annualized run rate UMS of US$2.5 billion by the end of 2021.”
UMS, Total Income, and NTM
Top-Rated Buy Now, Pay Later Option
Sezzle is a rapidly growing fintech company on a mission to financially empower the next generation. Sezzle’s payment platform increases the purchasing power for 2.4 million Active Consumers by offering interest-free installment plans at online stores and select in-store locations. Sezzle’s transparent, inclusive, and seamless payment option allows consumers to take control over the spending, be more responsible, and gain access to financial freedom. When consumers apply, approval is instant, and their credit scores are not impacted, unless the consumer elects to opt-in to a credit building feature, called Sezzle Up.
This increase in purchasing power for consumers leads to increased sales and basket sizes for the more than 29,200 Active Merchants that offer Sezzle.