Sezzle (ASX:SZL) reports a record second quarter 2020

Company News

by Rachael Jones

Installment payment platform, Sezzle (ASX:SZL) has released their key operating metrics for the quarter showing Underlying Merchant Sales (UMS) expected to reach an annualized pace of $1.4 billion by the end of 2020.

The UMS has surged 58 per cent quarter on quarter to A$272.3 million that’s up 349 year on year.

Active Consumers rises 28 per cent quarter on quarter to 1.48 million, that’s 243 per cent year on year.

Shares in Sezzle (ASX:SZL) are trading 15.97 per cent higher at $4.72.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.