Sezzle cooperates with Genesis, Oportun

Buy now, pay later (BNPL) Sezzle finance platform is partnering with Genesis Credit and Oportun to expand Sezzle’s long-term financing product. The move complements Sezzle’s recent collaborations with Ally Lending and Bread/ADS.

Sezzle plans to leverage its partners’ decades of expertise and expand high-ticket financing to more buyers, which is a “major expansion of Sezzle’s long-term financing product,” according to a press release on Wednesday (January 19).

See also: Sezzle on using AI and ML tools to remove fraud from the BNPL equation

The new long-term financing options aim to provide buyers with a user-friendly option for higher-priced items that offers complete transparency. The expanded product range is designed to provide buyers with additional benefits on their journey to financial empowerment, according to the press release.

President of Genesis Credit Markus Denman said the company is looking forward to launching a new financial product with a “first player in the BNPL arena like Sezzle” that will allow people to finance bigger ticket merchandise.

“Our combined efforts provide consumers with greater flexibility, which ultimately leads to more purchases from our retail partners,” Denman said.

Continue reading: Sezzle, Cotopaxi team on BNPL for outdoor retail

With Genesis and Oportun, customers have expanded payment options while merchants have the ability to offer shoppers more affordable checkout options.

“Both Sezzle and Oportun are mission-driven companies and we are proud to partner with them and expand our lending-as-a-service capabilities to help even more consumers finance their larger purchases responsibly and affordably,” said Matt Jenkins, Oportun’s Chief Operating Officer.

Founded in 2016, Sezzle is headquartered in Minneapolis, Minnesota. Sezzle is a technology-driven payments company specializing in BNPL with “a mission to financially empower the next generation”. The startup offers a full suite of product offerings, including Pay in 4 and long-term options.

——————————

NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

About:More than half of US consumers believe biometric authentication methods are faster, more convenient and more trusted than passwords or PINs – so why are they using less than 10%? PYMNTS, in partnership with Mitek, surveyed more than 2,200 consumers to better define this gap between perception and usage and find ways for businesses to increase usage.

Comments are closed.