Sezzle Claims Spot as the Most Popular BNPL in Canada
2024年3月26日 - 10:04PM
- Sezzle remains the highest and most-rated BNPL app on
the Canadian App Store
- Named "Most Popular BNPL in Canada" by
Merchant Machine
- The only BNPL player to bring credit building to
Canadian shoppers, Sezzle’s credit-reporting product, Sezzle Up,
sees rapid growth in adoption
Sezzle Inc.
(NASDAQ: SEZL)
(Sezzle or Company) // - Sezzle,
an innovative payment solution, is excited to announce its standing
as the Most Popular Buy Now, Pay Later (BNPL) in Canada. Since its
debut in the Canadian market four years ago, Sezzle has continued
winning over both shoppers and merchants with its innovative
payment solutions.
Sezzle Canada has become a standout in the Canadian app store,
thanks to its strong commitment to the user experience by providing
a product that is easy to use and offers payment flexibility.
Additionally, Sezzle’s interest-free payment option has become a
magnet for consumers seeking financial flexibility.
Sezzle Up, Sezzle's opt-in credit-reporting solution, has seen
remarkable adoption since its launch, with its innovative approach
to credit-reporting. The buzz surrounding Sezzle Up underscores the
growing demand for accessible and transparent credit tools, poised
to make a significant impact on how individuals manage and
potentially improve their credit profiles.
Sezzle Up can be a game changer for Canadians who have faced
hurdles in accessing credit. For those who are either credit
unserved or underserved, the lack of a credit score and any history
of credit activity can create barriers to getting a credit product,
as many lenders are hesitant to extend credit to consumers without
any credit history or score.
It is estimated that more than 3 million Canadian people aged
18+ are “credit invisible,” meaning these individuals either do not
have a credit file or the credit information on file is
insufficient to generate credit scores. An additional 7 million may
have two or fewer credit accounts on their credit file, meaning
they are considered to have a limited credit history or are
classified as having a “thin” credit file.
These consumers may face a catch-22 situation –– unable to get
that first credit product without a credit history, which can
perpetuate a cycle of financial stress. Sezzle Up aims to level the
playing field, helping individuals establish their credit histories
and financial profiles. The goal? Empower consumers to take control
of their financial futures, one smart payment at a time.
For retailers, it's also a win-win – promoting responsible
repayment habits among their customers, they not only build brand
loyalty but contribute to financial empowerment.
Hillberg and Berk, a women-owned, Canadian jewelry retailer has
been a Sezzle partner since 2021. "When we were looking for a
buy-now-pay-later solution, it was important for us to find a
partner that offered a great BNPL product and also aligned with our
values to provide our clients with exceptional quality and service.
Our existing clients love the ease and convenience of Sezzle, and
we've gained new customers who are willing to try us because we
offer Sezzle as a payment option," said Rachel Mielke, Founder
& CEO.
Sezzle is committed to innovation, and continuously improving
services to ensure the Company remains the top choice for both
shoppers and merchants across Canada. The Company is helping
redefine the way Canadians pay in order to build brighter financial
futures for all.
To learn more and enroll in Sezzle Up Canada, visit your
customer dashboard on the Sezzle App or visit
https://my.sezzle.com/sezzle-up/ for more information.
Explore Sezzle's wide selection of Canadian merchants
here.
Interested in reaching millions of new shoppers? Learn more
about adding Sezzle to your checkout here.
About Sezzle Inc.
Sezzle is a fintech company on a mission to financially empower
the next generation. Sezzle’s purpose-driven payment platform
increases consumers' purchasing power by offering interest-free
installment plans online and in-store. Sezzle’s transparent,
inclusive, and seamless payment option allows consumers to take
control over their spending, be more responsible, and gain access
to financial freedom.
For additional assets and news on Sezzle please visit
https://my.sezzle.com/news/
Follow Sezzle on social media: LinkedIn
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Sezzle US Media Contact:
Erin Foran
Tel: (651) 403-2184
Email: erin.foran@sezzle.com
Erin Foran
Sezzle
6514032184
erin.foran@sezzle.com
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