Sezzle, a Minneapolis, MN-based buy now pay later solution, raised $5.6m in funding.
The round was led by Continental Investors. Continental Investors Managing Director Paul Purcell will be joining the board.
The funding will serve as pre-IPO capital for the company as it advances to an IPO on the Australian Stock Exchange, where it expects to raise an additional $20m to fund its continued growth.
It plans to use this financing to:
- progress its growth in North America,
- fund future product innovations, and
- invest in additional sales and marketing resources.
Led by Charlie Youakim, CEO, and Paul Paradis, CRO, head to Australia, Sezzle is a fintech, buy now, pay later company. its payment platform increases purchasing power for consumers by enabling merchants to offer interest-free installment plans.