Ally’s first point-of-sale retail financing experience now available via Sezzle


Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc. (NYSE: ALLY), now offers its financing on retail payments platform Sezzle. The first integration of its type for Sezzle – select shoppers can now choose to pay over time using Ally’s longer-term, fixed-rate installment loans or Sezzle’s buy-now-pay-later, installment offerings. Ally’s financing extends to purchases up to $40,000 with 3-60-month terms.

The launch comes at a time when e-commerce is on the rise. Consumers spent more than $800 billion shopping online with U.S. retailers last year, a 44% increase from 2019.1 As they spend, they are also embracing alternative payment options. Over the past year, the use of “buy now, pay later” among younger generations has increased significantly, up 17% for Gen Z and 21% for millennials.2 Sezzle’s core product enables consumers to pay for retail goods over a six-week period with no interest or fees. Ally Lending’s offerings will expand upon Sezzle’s financing options, offering longer loan terms for higher ticket transactions.

“People expect to be able to pay over time when they check out,” said Hans Zandhuis, head of Ally Lending. “By blending our fintech platform with the strong banking foundation of Ally Bank, we’re now able to give people that option.”

Ally Lending is available for purchases in categories such as home furnishings, jewelry and sporting goods. Shoppers using the Sezzle platform, which serves thousands of retailers, will see “financed by Ally” during checkout when an installment payment plan is available from Ally Lending.

“We’re on a mission to financially empower the next generation,” said Charlie Youakim, executive chairman and CEO of Sezzle. “With Ally Lending’s personalized, flexible financing solutions now available on our platform, we’re able to offer even more options for consumers to budget their purchases and responsibly pay for what they want and need.”


Sezzle Reports Record Performance for November and Black Friday/Cyber Monday Weekend

Sezzle Inc. (ASX:SZL) (Sezzle or Company) // Installment payment platform, Sezzle, is pleased to provide key performance metrics for the month of November and the four days of Black Friday/Cyber Monday (BFCM) weekend.

“We set new records over the month of November and the BFCM weekend, with UMS reaching a run-rate of US$1.36 billion (188.5% YoY growth), Active Consumers growing to over 2 million (151.5% YoY growth), and Active Merchants now exceeding over 24,800 (164.5% YoY growth),” stated Sezzle’s Executive Chairman and CEO Charlie Youakim. “Our November UMS run-rate of US$1.36 billion is well ahead of our previous guidance of exceeding a UMS run-rate of US$1.0 billion by the end of 2020.”

Select Metrics for November

Month Ended 30 Nov 2020


Key Metrics (unaudited)

(A$ in M’s)¹

(US$ in M’s)


Underlying Merchant Sales (UMS)




Annualized UMS




Active Consumers²



Active Merchants²



¹A$ to US$ exchange rate of $0.7342, as of 30 November 2020.

²Defined as a consumer or merchant that has purchased through Sezzle in the last 12 months.

Sezzle achieved a number of records in November 2020:

  • UMS reached US$113.0 million, an increase of 188.5% compared to November 2019. November represented the highest monthly UMS performance since the Company’s inception.
  • Annualized UMS reached US$1.36 billion, which is well ahead of the Company’s 2020 guidance of achieving annualized UMS of US$1.0 billion.
  • Active Consumers crossed the 2 million mark for the first time, as the Company has added over 1 million Active Consumers since February 2020.
  • The Company continues to experience extraordinary growth in SMEs, as the number of Active Merchants reached 24,846 (up 164.5% YoY).
  • Canada performed well, producing faster UMS growth rates (YoY and MoM) than the US.

Select Metrics for BFCM Weekend

  • UMS for BFCM weekend (4 days) totaled US$28.5 million, a 146.4% increase compared to the same period last year.
  • BF 2020 represented the Company’s single largest day of Underlying Merchant Sales and Active Consumers.

“In addition to our record setting performance in November and over BFCM weekend, we are extremely excited about the direction of our business, as we recently partnered with GameStop and eCommerce platform Wix,” noted Mr. Youakim. “Sezzle is now offered at GameStop’s network of more than 3,300 U.S. retail stores, its online store, and in the GameStop mobile app. Our integration on Wix is available to all Wix merchants in the United StatesCanadaIndia and in the future will be available in other regions as Sezzle expands internationally.”