Business
Sezzle Claims Spot as the Most Popular BNPL in Canada
Sezzle Canada’s Growth and Customer Satisfaction Leads to Recognition as ‘Most Popular BNPL in Canada’ Toronto, March 26, 2024 (GLOBE NEWSWIRE) -- Sezzle
About this update from Sezzle Inc.
[{"type":"text","content":"Sezzle Canada’s Growth and Customer Satisfaction Leads to Recognition as ‘Most Popular BNPL in Canada’\nToronto, March 26, 2024 (GLOBE NEWSWIRE) -- Sezzle remains the highest and most-rated BNPL app on the Canadian App Store Named \"Most Popular BNPL in Canada\" by Merchant Machine The only BNPL player to bring credit building to Canadian shoppers, Sezzle’s credit-reporting product, Sezzle Up, sees rapid growth in adoption Sezzle Inc. (NASDAQ: SEZL) (Sezzle or Company) // - Sezzle, an innovative payment solution, is excited to announce its standing as the Most Popular Buy Now, Pay Later (BNPL) in Canada. Since its debut in the Canadian market four years ago, Sezzle has continued winning over both shoppers and merchants with its innovative payment solutions. Sezzle Canada has become a standout in the Canadian app store, thanks to its strong commitment to the user experience by providing a product that is easy to use and offers payment flexibility. Additionally, Sezzle’s interest-free payment option has become a magnet for consumers seeking financial flexibility. Sezzle Up, Sezzle's opt-in credit-reporting solution, has seen remarkable adoption since its launch, with its innovative approach to credit-reporting. The buzz surrounding Sezzle Up underscores the growing demand for accessible and transparent credit tools, poised to make a significant impact on how individuals manage and potentially improve their credit profiles. Sezzle Up can be a game changer for Canadians who have faced hurdles in accessing credit. For those who are either credit unserved or underserved, the lack of a credit score and any history of credit activity can create barriers to getting a credit product, as many lenders are hesitant to extend credit to consumers without any credit history or score. It is estimated that more than 3 million Canadian people aged 18+ are “credit invisible,” meaning these individuals either do not have a credit file or the credit information on file is insufficient to generate credit scores. An additional 7 million may have two or fewer credit accounts on their credit file, meaning they are considered to have a limited credit history or are classified as having a “thin” credit file. These consumers may face a catch-22 situation –– unable to get that first credit product without a credit history, which can perpetuate a cycle of fina...