Sezzle pledges to plant a tree for every new user
Buy now, pay later venture Sezzle has partnered with Trees for the Future to plant a tree for every new user in 2021.
"By committing to this, Sezzle is enabling more farmers to plant trees across sub-Saharan Africa," says Trees for the Future Executive Director John Leary.
"We're grateful for its support of our Forest Garden Approach. Together, we're restoring land and the environment while ending hunger and poverty for smallholder farmers."
"In proactively working with Trees for the Future, we are honouring our pledge to support environmental sustainability," adds Charlie Youakim, CEO at Sezzle.
"Our company is committed to a purpose driven approach to business, guiding our hand in creating meaningful ways to improve the world around us."
On the up
Sezzle recently reported its fiscal 2020 results.
The company saw its underlying merchant sales (UMS) total $1 billion, a 250% improvement on last year’s result.
Total income also increased 272% to $74.3 million, with 80.9% represented by merchant fees.
Active merchants reached 26.7K as of 31st December, representing YoY increases of 166.6%.
Sezzle added over 1.3 million active consumers, with 4Q20 representing a record in quarterly growth with over 438,000 additions. Another 126,000 active consumers were added in January 2021.
It remains in the red, however. The PayTech reported an after-tax loss of $32 million for the full-year, after it booked a $13 million loss in 2019.
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