Sezzle

Sezzle serves two primary types of clients: consumers and merchants. For consumers, Sezzle offers an easy-to-use platform that enables them to manage their finances better by spreading out payments without incurring interest. For merchants, Sezzle provides a tool to increase sales by offering a payment solution that attracts more customers and reduces cart abandonment rates.

The company's business model revolves around facilitating transactions between consumers and merchants. Sezzle makes money primarily through merchant fees. When a consumer makes a purchase using Sezzle, the merchant pays a fee to Sezzle for processing the transaction. This fee is justified by the increased sales and customer acquisition that merchants experience by offering Sezzle as a payment option.

In the past 12 months, Sezzle has seen significant growth, with 3.4 million active consumers and 46,982 active merchants transacting through its platform. The company reported $1.8 billion in underlying merchant sales during this period, highlighting its rapid expansion and the increasing adoption of its BNPL service.

In summary, Sezzle is a fintech company that offers a BNPL service to consumers and merchants, making money through merchant fees and aiming to financially empower the next generation.