Sezzle Inc (ASX:SZL) released its key operating metrics for quarter ended 30 June 2020 along with the annualised UMS guidance.
The company projects its underlying merchant sales (UMS) to reach US$1 billion by the end of 2020. In 2Q 2020, UMS rose 58% to US$188 million QoQ and +349% YoY. Active clients soared by 243% YoY to 1.48 million. The number of active merchants was up +219% to 16,112 YoY.
Consumer profile showed improvement reflected by increased repeat usage and purchase frequency of cohorts.
At AEST 12:18 PM, SZL shares are trading at A$4.540, up 11.548%.
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