{"id":392431,"date":"2020-12-03T06:57:25","date_gmt":"2020-12-03T11:57:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392431"},"modified":"2020-12-03T06:57:25","modified_gmt":"2020-12-03T11:57:25","slug":"sezzle-reports-record-performance-for-november-and-black-friday-cyber-monday-weekend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sezzle-reports-record-performance-for-november-and-black-friday-cyber-monday-weekend\/","title":{"rendered":"Sezzle Reports Record Performance for November and Black Friday\/Cyber Monday Weekend"},"content":{"rendered":"
\n

— Underlying Merchant Sales reached US $113.0 million, an increase of 188.5% compared to November 2019.<\/h2>\n

— Black Friday 2020 represented the Company’s single largest day of Underlying Merchant Sales and Active Consumers.<\/h2>\n

— Active Consumers crossed the 2 million mark for the first time, as the Company has added over 1 million Active Consumers since February 2020.<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n MINNEAPOLIS<\/span>, Dec. 3, 2020<\/span> \/PRNewswire\/ — Sezzle Inc.<\/b> (ASX:SZL<\/b>) (Sezzle<\/b> or Company<\/b>) \/\/ Installment payment platform, Sezzle, is pleased to provide key performance metrics for the month of November and the four days of Black Friday\/Cyber Monday (BFCM) weekend. <\/p>\n

\n

\n
\n \"Sezzle
\n <\/a>\n <\/p>\n<\/p><\/div>\n

“We set new records over the month of November and the BFCM weekend, with UMS reaching a run-rate of US$1.36 billion<\/span> (188.5% YoY growth), Active Consumers growing to over 2 million (151.5% YoY growth), and Active Merchants now exceeding over 24,800 (164.5% YoY growth),” stated Sezzle’s Executive Chairman and CEO Charlie Youakim<\/span>. “Our November UMS run-rate of US$1.36 billion<\/span> is well ahead of our previous guidance of exceeding a UMS run-rate of US$1.0 billion<\/span> by the end of 2020.” <\/p>\n

\n Select Metrics for November<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Month Ended 30 Nov 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n YoY<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Key Metrics (unaudited)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (A$ in M’s)\u00b9<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (US$ in M’s)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Underlying Merchant Sales (UMS)<\/span>\n <\/p>\n<\/td>\n

\n

\n $153.9<\/span>\n <\/p>\n<\/td>\n

\n

\n $113.0<\/span>\n <\/p>\n<\/td>\n

\n

\n 188.5%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Annualized UMS<\/span>\n <\/p>\n<\/td>\n

\n

\n $1,846.7<\/span>\n <\/p>\n<\/td>\n

\n

\n $1,355.9<\/span>\n <\/p>\n<\/td>\n

\n

\n 188.5%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Active Consumers\u00b2<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,071,133<\/span>\n <\/p>\n<\/td>\n

\n

\n 151.5%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Active Merchants\u00b2<\/span>\n <\/p>\n<\/td>\n

\n

\n 24,846<\/span>\n <\/p>\n<\/td>\n

\n

\n 164.5%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00b9A$ to US$ exchange rate of $0.7342, as of 30 November 2020.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00b2Defined as a consumer or merchant that has purchased through Sezzle in the last 12 months.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

Sezzle achieved a number of records in November 2020<\/span>: <\/p>\n