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Sezzle secures USD 150 million via senior debt facility to support geographic expansion plans
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May 17, 2024
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May 17, 2024

Sezzle secures USD 150 million via senior debt facility to support geographic expansion plans

Funding

  • Sezzle, a BNPL provider, has secured USD 150 million via a senior debt facility with an accordion of up to USD 225 million to refinance the previous USD 100 million debt facility taken in October 2022 with Bastion and affiliates. Sezzle's total funding now stands at USD 551.6 million.

  • The company plans to utilize the new facility to support growth initiatives across the US and Canadian markets and expand offerings.

  • Analyst QuickTake: The BNPL space has witnessed players raising significant amounts in debt financing along with its fair share of equity financing rounds in recent months. Sezzle’s debt financing comes in third in terms of debt funding size, with Sunbit securing USD 310 million via a debt warehouse facility and Australia-based Zip securing USD 225 million in debt facility from Victory Park Capital in January this year.

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