TORONTO, ON–Sezzle Inc., a U.S. based FinTech with Canadian operations, has now passed the one million mark for active end-customers.
Since launching in the U.S. in 2016, the Sezzle payments platform has enjoyed explosive growth, reported the company in a statement, as both merchants and consumers have turned to Sezzle as their preferred “buy now, pay later” payments solution. The announcement comes just a few weeks after Sezzle announced that its pool of merchant partners has grown past 10,000 at the end of Q4 2019.
Sezzle’s growth has been accelerating, having secured its 500,000th customer in August 2019, nearly three years after initially launching, but taking less than six months to reach one million users. This reflects, said the company, of the power of the network effect of Sezzle’s platform’s compounding growth. Among the drivers behind the recent growth in customers was a very successful Black Friday / Cyber Monday heading into the U.S. and Canadian holiday shopping seasons.
“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,” commented 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.”
“The Sezzle team is extremely proud to have reached this pivotal milestone,” said Sezzle’s 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.”