Sezzle

The business operates a BNPL payments platform that intermediates transactions between merchants and consumers. Merchants integrate the service into their online or point-of-sale checkout or accept payments through a virtual card scheme. When a consumer chooses an instalment plan, the platform pays the merchant upfront for the full order value and then collects repayments from the consumer over time, assuming the associated credit and fraud risk on those receivables.

Value is created for merchants through higher checkout conversion, larger basket sizes and guaranteed immediate settlement without added credit risk. Consumers gain access to short-term interest-free or low-fee instalment plans, virtual card payment options that work wherever a major card network is accepted, and optional credit-building via bureau reporting. Revenue is generated through merchant discount and processing fees on each order, platform and revenue-share arrangements on longer-term financing with lending partners, and subscription and service fees from consumers, all supported by external credit facilities for funding receivables.

Sezzle Inc. is a United States–based buy-now-pay-later (BNPL) payments provider offering instalment plans at online and in-store checkouts. Its platform splits consumer purchases into short-term interest-free instalments (e.g., Pay in 4, Pay in 2) and longer-term monthly plans, while paying merchants upfront and assuming repayment and fraud risk.

The company generates revenue primarily from merchants via per-order processing fees and related charges, and secondarily from consumers via service/origination fees on certain loans and paid subscription tiers that unlock broader card usage and perks. Its customers are e-commerce and retail merchants that integrate the BNPL option, and end-consumers who use instalment plans, virtual cards, credit-building features and subscription memberships when shopping.