Sezzle Says Target Corp Will Use Its Installment Payment Product
June 02 2021 - 7:10PM
Dow Jones News
By Stuart Condie
SYDNEY--Sezzle Inc. said it has entered into a three-year
agreement with Target Corp. for the U.S. retail giant to offer
consumers its installment payment product in-store and online.
Sezzle on Thursday said the agreement followed the conclusion of
a proof-of-concept of the interest-free payment plans with its
fellow Minnesota-based firm.
Target last month reported 1Q earnings of US$2.1 billion,
compared with US$284 million a year ago. Total revenue rose 23% to
US$24.2 billion.
Sezzle's underlying merchant sales for the same period rose to
US$375.1 million, from US$119.4 million a year earlier.
Sezzle is listed on the Australian Securities Exchange but is
filing for an initial public offering in its native U.S.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
June 02, 2021 19:01 ET (23:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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