Sezzle’s (ASX:SZL) California lending license approved

Company News

by Katrina Bullock

The State of California Department of Business Oversight has granted US-based alternative payments leader, Sezzle (ASX:SZL) a lending license in the State of California.

Sezzle’s Executive Chairman and CEO Charlie [You-ee-cam] Youakim says “we are thankful to the California Department of Business Oversight for their prompt and open approach to resolving this matter in such a timely and professional manner.

This is a great result for Sezzle and provides the platform for us to continue our planned growth strategy in the state of California.”

Prior to receiving the lending license, Sezzle was operating in California under a retail installment structure, whereby retailers initiated the instalment loan and transferred the loan to Sezzle to service.

Shares in Sezzle (ASX:SZL) are trading 20.9 per cent higher at $2.14

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.