Sezzle Inc.

SEZL

US78435P1057

Business Support Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-10-14 pm EDT			5-day change	1st Jan Change
187.83 ^USD	+4.50%		+14.53%	+815.35%

Oct. 04	Sezzle Insider Sold Shares Worth $1,289,841, According to a Recent SEC Filing	MT
Oct. 01	Sezzle Insider Sold Shares Worth $1,671,617, According to a Recent SEC Filing	MT

Sezzle Inc. and WebBank Enter into Five-Year Strategic Partnership Program by Executing Loan and Receivables Sale Agreement and Marketing and Servicing Agreement

August 28, 2024 at 05:01 pm EDT

Sezzle Inc. announced on August 26, 2024, the company and WebBank entered into a five-year strategic partnership program by executing a Loan and Receivables Sale Agreement and Marketing and Servicing Agreement. The program is expected to launch in September 2024, subject to completion of the parties? confirmatory testing and procedures.

WebBank will serve as Sezzle?s exclusive bank to originate and finance products currently offered through the Sezzle platform, including Sezzle?s Pay-in-2 and Pay-in-4 products, subject to limited exceptions. WebBank will also serve as the exclusive issuer of all Sezzle subscription products and the exclusive issuer of Sezzle card products, including the Sezzle Virtual Card (subject to up to a one-year transition period) and gift cards. WebBank, through Sezzle?s marketing efforts, will offer loans to U.S. customers to finance purchases of merchant products through the Sezzle platform or within Sezzle?s direct merchant network.

Sezzle, subject to WebBank?s review and approval, will act as the administrator of the program and master servicer, with responsibility over the marketing, administration, legal and compliance, application of WebBank?s underwriting criteria, origination assistance, and ongoing servicing functions. WebBank has the right to sell all loans it originates under the program to other entities, including Sezzle. In the event WebBank sells loans to Sezzle, the purchase price would be the principal amounts of the loans, plus accrued interest and certain fees.

The Loan and Receivables Sale Agreement and the Marketing and Servicing Agreement contain certain indemnification rights and obligations and certain customary representations and warranties, affirmative covenants, and events of termination.

Latest news about Sezzle Inc.

Sezzle Insider Sold Shares Worth $1,289,841, According to a Recent SEC Filing	Oct. 04	MT
Sezzle Insider Sold Shares Worth $1,671,617, According to a Recent SEC Filing	Oct. 01	MT
Sezzle Insider Sold Shares Worth $2,589,957, According to a Recent SEC Filing	Sep. 26	MT
Sezzle Insider Sold Shares Worth $252,150, According to a Recent SEC Filing	Sep. 25	MT
Sezzle Insider Sold Shares Worth $297,629, According to a Recent SEC Filing	Sep. 24	MT
Sezzle Insider Sold Shares Worth $1,044,790, According to a Recent SEC Filing	Sep. 20	MT
Sezzle Insider Sold Shares Worth $749,591, According to a Recent SEC Filing	Sep. 16	MT
Sezzle Insider Sold Shares Worth $1,343,250, According to a Recent SEC Filing	Sep. 12	MT
Sezzle Insider Sold Shares Worth $1,325,610, According to a Recent SEC Filing	Sep. 11	MT
Sezzle Insider Sold Shares Worth $1,103,735, According to a Recent SEC Filing	Sep. 10	MT
Sezzle Insider Sold Shares Worth $774,059, According to a Recent SEC Filing	Sep. 06	MT
Sezzle Insider Sold Shares Worth $852,911, According to a Recent SEC Filing	Sep. 04	MT
Sezzle Insider Sold Shares Worth $439,805, According to a Recent SEC Filing	Sep. 03	MT
Sezzle Insider Sold Shares Worth $1,342,201, According to a Recent SEC Filing	Sep. 03	MT
Sezzle Insider Sold Shares Worth $496,629, According to a Recent SEC Filing	Aug. 29	MT
Sezzle Inc. and WebBank Enter into Five-Year Strategic Partnership Program by Executing Loan and Receivables Sale Agreement and Marketing and Servicing Agreement	Aug. 28	CI
Sezzle Insider Sold Shares Worth $648,631, According to a Recent SEC Filing	Aug. 28	MT
Sezzle Insider Sold Shares Worth $424,068, According to a Recent SEC Filing	Aug. 27	MT
Sezzle Insider Sold Shares Worth $290,222, According to a Recent SEC Filing	Aug. 26	MT
Sezzle Insider Sold Shares Worth $1,130,071, According to a Recent SEC Filing	Aug. 26	MT
B. Riley Raises Price Target on Sezzle to $163 From $132, Keeps Buy Rating	Aug. 23	MT
Sezzle Insider Sold Shares Worth $2,001,245, According to a Recent SEC Filing	Aug. 22	MT
Sezzle Insider Sold Shares Worth $2,446,509, According to a Recent SEC Filing	Aug. 20	MT
Sezzle Insider Sold Shares Worth $617,397, According to a Recent SEC Filing	Aug. 16	MT
Sezzle Insider Sold Shares Worth $892,659, According to a Recent SEC Filing	Aug. 14	MT

Chart Sezzle Inc.

Duration

Period

SEZL: Dynamic Chart

Company Profile

Sezzle Inc. is a fintech company. The Companyâs payment platform increases the purchasing power of consumers by offering interest-free installment plans at online stores and select in-store locations. Its payment options allow consumers to take control over their spending. Its digital payments platform allows merchants to offer their consumers a flexible alternative to traditional credit. Its Sezzle Platform offers a payments solution for consumers that instantly extends credit at the point-of-sale, allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time. The Sezzle Platform flagship product, pay-in-four, allows consumers to pay a fourth of the purchase price up front, and then another fourth of the purchase price every two weeks thereafter over a total of six weeks. Its Sezzle Virtual Card allows consumers to access the Sezzle Platform in the form of close-end installment loans and shop with merchants.

Employees

265

Sector

Business Support Services

Calendar

2024-11-06 - Q3 2024 Earnings Release (Projected)

More about the company