- Digital payments platform Sezzle announced that it recently passed the one million mark for active end-customers
Digital payments platform Sezzle announced that it recently passed the one million mark for active end-customers. Ever since the company launched in the US in 2016, the Sezzle payments platform saw rapid growth as both merchants and consumers have turned to Sezzle as their preferred ‘buy now, pay later’ payments solution.
Sezzle is known for providing a payments platform that facilitates fast and secure and easy payments between consumers and retailers. And Sezzle’s payment product is a short-term and interest-free installment plan that delivers to consumers both a budgeting and financing value proposition thus allowing users to make online purchases while effectively splitting the payment for the purchase over four equal, interest free, payments over six weeks.
This announcement comes just several weeks after Sezzle announced that its pool of merchant partners has grown past 10,000 at the end of the 2019 fourth quarter.
“Today is a day for celebration, not only for our company, but for our merchants, who now have a direct path to accessing a vibrant community of over one million savvy shoppers who know how to unlock the value of their purchasing power,” said Sezzle CEO and co-founder Charlie Youakim. “Although we are taking a moment to recognize this important milestone, we have lots of work ahead of us in making Sezzle the world’s most dynamic, far-reaching, and trusted payments platform.”
Sezzle’s growth has been accelerating as it secured its 500,000th customer in August 2019, nearly three years after initially launching. But it took less than six months to reach one million users, a reflection of the power of the network effect of Sezzle’s platform’s compounding growth. And among the drivers behind the recent growth in customers was a very successful Black Friday / Cyber Monday heading into the US and Canadian holiday shopping seasons.
“The Sezzle team is extremely proud to have reached this pivotal milestone,” added Sezzle Chief Revenue Officer and co-founder Paul Paradis. “One million active users is a huge operational achievement, and a testament to the value our users see in our product. Whether it’s our commitment to transparency, our flexible payment terms, our user-friendly experience, or our expanding universe of retail partners, Sezzle is definitely gaining traction as the marquee ‘buy now pay, later’ solution in the U.S.”
