other material
confidence high
sentiment positive
materiality 0.75
Sezzle inks five-year exclusive banking deal with WebBank for core BNPL and card products
Sezzle Inc.
- Five-year strategic partnership with WebBank to originate and finance Pay-in-2 and Pay-in-4 products, subscription and card products.
- WebBank serves as exclusive issuer of Sezzle subscription and card products; launch expected September 2024 after testing.
- Sezzle acts as program administrator and master servicer subject to WebBank's review; WebBank may sell loans to Sezzle.
- Company to provide updated financial guidance in early November with Q3 2024 results release.