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).
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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.
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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.