Ann: FY2020 Record Results, page-12

I dialled into the results presentation this morning. One of the questions was whether Sezzle would look at a US listing. Charlie said they had been evaluating that and they continue to look at the pro's and cons, but he did not give anything away. It would bring them much more exposure in the USA, where they do most of their business, with the main downside being the extra work that dual reporting creates (financial, compliance etc).

Of course, Charlie holds a huge stake in Sezzle (just under 50%), so he is calling the shots on this one for sure and its a nice mechanism for him to monetise some/all of his stake when the time right, without further dilution to the company. But then again, they could access vast amounts of new capital to expand further.

Not much else on the call, mostly a walk through of the slides in the results presentation released this morning. Sounds like a lot coming in the enterprise merchant space and also January was very strong. One of Sezzle's point of difference is attracting to all sorts of merchants, not just limited to fashion/retail and a long runway of smaller merchants to be brought onto the platform.