Sezzle to place $40m in stock with 3rd-biggest US card issue

Sezzle to place $40m in stock with 3rd-biggest US card issuer Discover


Sezzle to place $40m in stock with 3rd-biggest US card issuer Discover
Share
Action in the buy now, pay later sector continues, with Sezzle announcing the third-largest credit card company in the United States, Discover, will invest $US30 million ($40 million) via a placement at a premium to its share price.
The deal will help Sezzle accelerate its in-store rollout, allowing it to issue “virtual” Discover cards that levy a higher interchange fee rate on retailers’ banks. This will make it profitable for Sezzle to provide the service without having to charge customer fees, or rely on affiliate fees charged to merchants for online sales.

Related Keywords

Australia , Australian , Charlie Youakim , Jonathon Higgins , , Australian Financial Review , ஆஸ்திரேலியா , ஆஸ்திரேலிய , ஜொனாதன் ஹிக்கின்ஸ் , ஆஸ்திரேலிய நிதி விமர்சனம் ,

© 2025 Vimarsana