What is Sezzle On-Demand?

It's a feature that allows customers to use Pay-in-4 at any merchant that accepts Visa.

What were Sezzle's MODS and GMV in Q1?

MODS reached 887K and GMV hit $1.1 billion.

Does Sezzle charge fees for On-Demand?

No, there are no additional fees for consumers using the service.

How does Sezzle differ from competitors like Affirm and Klarna?

Sezzle targets consumers with limited credit history and offers lower fees.

Sezzle On-Demand: Pay-in-4 Anywhere Visa is Accepted

Sezzle (SEZL) launched On-Demand, allowing customers to use Pay-in-4 anywhere Visa is accepted. The service recorded 887K MODS and Q1 GMV of $1.1B, with a significant increase in marketing spend.

Sezzle (ticker: SEZL) has launched a new feature called "On-Demand," which enables customers to use its Pay-in-4 installment option at any merchant that accepts Visa. This move expands Sezzle's reach beyond its traditional partner network in the buy-now-pay-later (BNPL) space.

The Product

On-Demand allows users to convert any Visa transaction into four interest-free payments via the Sezzle digital wallet and a virtual Visa card. The feature is designed to increase flexibility and usage frequency.

Early Performance

Sezzle reported that monthly origination dollar volume (MODS) reached 887K, while first-quarter gross merchandise volume (GMV) hit $1.1 billion. Marketing spend also jumped significantly to support the launch.

Pricing and Availability

The service is currently available to existing Sezzle customers through the app, with no additional fees for consumers. Sezzle plans to expand availability to more markets.

Competition

Sezzle competes with Affirm, Klarna, and Afterpay, but differentiates itself by targeting consumers with limited credit history and offering lower fees.

Potential Impact

On-Demand could drive transaction growth and user acquisition, given its broad acceptance. However, increased marketing spend may pressure margins in the near term.