Sezzle’s Growth in Canada Continues

Sezzle Surpasses 500k Canadian User Mark in Just Four Years

Toronto, Canada, July 18, 2023 (GLOBE NEWSWIRE) --

• Over 500K Canadians have made at least one purchase using Sezzle
• Over 280K Canadians have paid with Sezzle more than once 
• Sezzle is the highest-rated and most-reviewed BNPL app in Canada 
• Almost 30K Canadians have enrolled in Sezzle’s credit-building product, Sezzle Up. 

Sezzle Inc. (ASX: SZL) (Sezzle or Company) // - Sezzle, a leader in digital payments, today shares the advancement of its Canadian operations. In just four years, the Company has amassed over 500,000 consumers in Canada and the Sezzle app has consistently been the highest-rated BNPL app on the Canadian App Store. 
More than three-quarters of Canadians (78 percent) say their personal finances have worsened due to inflation, and just over half (54 percent) say they're living paycheck to paycheck, according to a survey released by BDO Canada. Sezzle believes that providing a Responsible Way to Pay is now more important than ever - and Canadian shoppers are flocking to the flexibility and credit autonomy that Sezzle’s financing solution brings. 
“Everything Sezzle does involves working with our team to help achieve our goals. We love partnering with the Sezzle team to deliver - whether that’s acquiring new customers, tapping into Sezzle's marketing capabilities, driving conversions, or just increasing our brand equity through the partnership,“ said Sherdeep Singh, CEO, at Parts Avatar, Canada’s largest online auto parts store. “We have been working with Sezzle since 2020, and our customers have been clamoring to their interest-free financing option since day one.”
Sezzle’s core financing product provides an interest-free solution for Canadians to pay over time and simultaneously provides the opportunity to build credit via Sezzle Up. In a recent global survey completed by TransUnion, data showed that over 9 million Canadians are either credit unserved or underserved. The lack of a credit score and any history of credit activity creates barriers for these unserved consumers to get their first credit product, as many lenders are hesitant to extend credit to consumers without any credit history or score. Consumers face a catch-22 situation –– unable to get that first credit product when they lack a credit history. Sezzle Up gives consumers the opportunity to build their credit score if they choose to do so, bridging the gap between the credit underserved and the ability to use and build credit wisely.