Sezzle Inc (ASX:SZL) is a US-based and incorporated business that provides an interest-free instalment payment solution. It has been operating since 2017 and is now in 12 countries.Sezzle listed on the ASX with an initial public offering price of $1.22 per share/CDI. The business does not charge interest or initiation fees, however it does charge failed payment fees of US$10.
The Sezzle Inc (ASX:SZL) share price has soared and crashed this morning. The buy now, pay later (BNPL) business released its 2022 Q2 update.
The Zip Co Ltd (ASX:ZIP) share price is on watch after the BNPL business announced that the merger with Sezzle Inc (ASX: SZL) was abandoned.
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The Sezzle Inc (ASX:SZL) share price has jumped 6% in response to a significant plan to cut costs. The company wants to be profitable.