Sezzle announced a senior debt financing arranged by Bastion Management. The facility is for $150 million with an accordion feature that can expand availability up to $225 million. Bastion Management agented the investment. The announcement was made via PR Newswire on May 17, 2024 from Stamford, Conn. The reporting notes that the PressBee team verified the original PR Newswire item and that it may have been partially modified or quoted. No operating metrics, product details, or additional financial terms were disclosed in the article. Sezzle is a Minneapolis, MN-based fintech that provides a buy-now-pay-later payment platform enabling merchants to offer interest-free installment plans and increase consumer purchasing power. The company is led by CEO Charlie Youakim and CRO Paul Paradis. It raised $5.6M in a round led by Continental Investors, which will serve as pre-IPO capital. Sezzle plans to use the financing to expand growth in North America, fund future product innovations, and invest in additional sales and marketing resources. The company is advancing toward an initial public offering on the Australian Securities Exchange and expects to raise an additional $20M there to fund continued growth. Sezzle is a financial technology company that offers interest-free installment plans for online shoppers. It provides a payment platform that gives consumers additional purchasing power via interest-free installments, leveraging a proprietary underwriting model to make credit decisions. The company does not charge consumers interest and only offers its product to customers it believes can responsibly make the purchase. Sezzle’s technology is positioned to increase the purchasing power of young “prime-to-be” shoppers who otherwise may not be able to pay the full price at once. First-time shoppers can sign up quickly during checkout and repeat customers get a one-click purchase experience. Sezzle was founded in 2016 and is based in Minneapolis, MN; leadership includes CEO Charlie Youakim and COO/CRO Paul Paradis.

Total raised

$256M

Funding rounds

3

Latest round

Debt Financing

Latest activity

May 2024