Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, recently announced it has formed a partnership with fashion retailer, UNTUCKit.
Sezzle reported that it was selected by UNTUCKit as its preferred ‘Buy Now, Pay Later’ option in an effort to meet growing demand from an increasingly large segment of the population that prefers to pay over time without incurring interest-bearing debt or fees.
“Retailers offering Sezzle realize an increase in conversion rate, basket size, customer satisfaction and rate of repurchase. With a growing need for splitting payments amid economic uncertainty, Sezzle has seen rapid pickup in their product throughout COVID-19.”
Speaking about the partnership, Sezzle President, Paul Paradis, stated:
“With a shared dedication to shoppers and an innovative approach to retail, our teams have already created a strong relationship that will serve our shoppers well. We look forward to offering Sezzle users another well-known, quality fashion and apparel brand — and one they have been asking for.”
Founded in 2016, Sezzle claims to be a public-benefit corporation on a mission to financially empower the next generation. The company explained that it strives to enable all people to take control over their financial futures, be more responsible and gain access to financial freedom by building the most transparent, inclusive, and seamless payments option for online purchasers.