Sezzle

Once a month, the incredible Women of Sezzle come together to connect, inspire, and support each other. These moments of collaboration and camaraderie highlight the strength and creativity that each woman brings to our team. We’re proud to work alongside such an empowering group who continue to make a meaningful impact every day.

Sezzle is excited to announce that we will be attending eTail™ Connect West from September 9-11 at Loews Coronado Bay, CA! Our business leadership team is eager to connect and participate alongside industry innovators to discuss the latest trends, share insights, and explore strategies for driving online growth and enhancing customer experiences. Feel free to reach out to our business leadership team prior to the event. We look forward to seeing you there! Ryan Boonstra, Jessica Sugerman, Connor Tedstrom, Natalie Ben-Zur, Olivia Crum

This quarter at Sezzle, we've reached remarkable milestones that represent an incredible evolution. Two years ago, Sezzle's primary goal was to weather the storm, like many other financial technology companies at the time. Our focus was on navigating the challenges of a competitive and uncertain market. How things have changed... Today, we are thrilled to share our 2024 second-quarter results, which not only highlight Sezzle's continued record-breaking growth across major financial metrics, but also solidifies our position as a leading player in the payments space. We are thriving and becoming recognized leaders in the Buy Now, Pay Later sector and setting new standards for success. Our continued performance underscores the successful path Sezzle is on. Key highlights from the second quarter include: - Total Revenue soared by over 60% year-over-year to $56 million, driven by the growth and engagement of the Sezzle Anywhere and Sezzle Premium subscriber base. - Total Revenue as a percentage of UMS reached 10.5%, surpassing the previous all-time high of 9.5% set in 1Q24. - Underlying Merchant Sales increased by 38.9% YoY to $532.2 million, surpassing the previous non-holiday UMS quarterly high set in 1Q24. - Consumer engagement contributed to the YoY growth, with the overall consumer purchase frequency climbing to 4.8 times in 2Q24 from 3.2 times in the same period in 2023. - We reduced Operating Expenses by 2.6% year-over-year to $18.4 million, demonstrating our commitment to not just expanding but doing so thoughtfully and sustainably. Raising our FY24 guidance was more than just a decision, it was a statement of confidence in the resilient framework we've built and our vision for the future of Sezzle and Buy Now, Pay Later. Today I want to give a massive thank you to every Sezzler on our team. Your grit, creativity, and relentless dedication are the engines of our success. Let's keep pushing, innovating, and empowering the next generation with financial tools that matter https://lnkd.in/gGJucW_d

Sezzle is pleased to update the market on our 2Q24 financial results, showcasing our continued momentum and growth into 2024, with new highs achieved across key major metrics. "Our strategic efforts continued to pay off in the second quarter, as Net Income reached new highs driven by strong revenue growth and leveraging our operating infrastructure,” stated Charlie Youakim, Sezzle Chairman and CEO. “We are excited to raise our 2024 guidance and are confident that we are just at the start of our growth journey.” Explore the full details of Sezzle’s Second Quarter 2024 performance in the release below.

Sezzle is excited to present our second quarter 2024 earnings today at 5:00 PM Eastern Time. Please join us as we present an overview of our financial performance, strategic endeavors, and future outlook. We look forward to your attendance. Register for the call here: https://lnkd.in/efZjJcpx

🌟 Welcome to Sezzle, Jay! 🌟 We’re excited to welcome Jay Tran as our new Software Engineer in the Development department. She joined Sezzle because of the supportive community, the opportunity to take ownership of impactful projects, and the exciting growth prospects. Outside of work, Jay enjoys weightlifting, exploring new coffee recipes, and has experience studying abroad in Japan and Finland. Please join us in welcoming Jay to the team!

A recent PYMNTS study "Redefining Retail: Consumer Finance Trends Driving the Evolution of Pay Later Plans" reveals that 26% of those living paycheck to paycheck with difficulties paying their bills are very or extremely likely to use Buy Now, Pay Later (BNPL) in the next 12 months, while 21% without such difficulties also favor this option. This trend underscores the value of BNPL in offering financial flexibility and managing expenses. For merchants, integrating Sezzle's BNPL solution can attract these consumers, enhance customer satisfaction, and drive sales by providing a preferred payment option. Understanding and leveraging this shift can position your business as a leader in meeting evolving consumer needs.

Yesterday our Sezzle team came together to support the Greater Twin Cities United Way's annual Action Day initiative! Sezzlers volunteered at the Target Center alongside other local Minneapolis companies to help provide 45,000 local students with brand-new backpacks full of school supplies. 🌟 Thank you to everyone who participated and made a difference in our community. Together, we’re helping students start the school year off right!

Back-to-School season is ramping up, and Buy Now, Pay Later (BNPL) services are becoming a popular choice for many families. In June, BNPL facilitated $6.75 billion in online purchases in the U.S., marking a 14.3% increase from last year, according to Adobe Analytics. Sezzle provides a flexible and budget-friendly way to handle school-related costs by spreading payments over time. This approach allows parents to avoid the immediate financial strain of lump-sum payments while still ensuring their students have all the supplies they need for a successful year. With transparent payment plans, Sezzle can make budgeting for back-to-school shopping simpler and less stressful.

🌟 Welcome to Sezzle, Sebastian 🌟 We’re excited to introduce Sebastian Lopez Ramirez as our new Sr. Mobile Engineer in the Development team. He was drawn to Sezzle for our strong employee focus, diverse team, and mission to financially empower the next generation. Fun facts: Sebastian has a range of interests, including gaming, VR, and music, and he enjoys spending time with his dog, Shaggy. Join us in welcoming Sebastian to the team!