Sezzle Inc (ASX:SZL) announced its cash flow report for the quarter ended 30 June 2020. Details include:
- 325,990 active customers and 3397 active merchants were added in the quarter.
- While net transaction margin continues positive trajectory, active customer repeat usage reached a new high of 87.5%.
- Annualized run rate for Underlying Merchant Sales (UMS) is expected to exceed US$1 billion per annum by the end of 2020.
- Capital raising of A$79.1 million was completed on 15 July via fully underwritten placement after the end of the quarter.
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