Sezzle Performs Strongly in 2Q20

  • Jul 27, 2020 AEST
  • Team Kalkine

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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