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Sezzle Inc. (SEZL) has provided an update.
Sezzle Inc. has entered into a five-year strategic partnership with WebBank, beginning a program where WebBank will exclusively originate and finance Sezzle’s payment products, including installment and subscription services. This collaboration, set to launch in September 2024 after confirmatory testing, positions WebBank as the primary issuer of Sezzle’s card products. Sezzle will handle the administration and servicing of the program, which allows U.S. customers to finance purchases through Sezzle’s platform or merchant network. The financial impact of the partnership on Sezzle’s guidance will be updated after the program’s launch.
Learn more about SEZL stock on TipRanks’ Stock Analysis page.
