Ann: September Business Update, page-53

First 53 Last

Share
Profile

Follow
success47

266 Posts.

12

06/11/23

21:12

Post #: 70756523
Share

Originally posted by Prestonian: ↑

RE the actual value - who knows. Management watched Sezzle soar to around aud$2b once ( speculation and hype ), but now that Sezzle is profitable and potentially growing, you can actually start to apply more traditional valuation methods, or use peer comparisons.

There aren't a whole lot of "successful" standalone bnpl around the world - by successful I guess I mean the ones who have managed to survive the last 2 years and are turning a corner - but two worth looking at are Tabby and Zilch. Both have recently raised capital and so have recent valuations at usd$1.5b and usd$2b. Theyre both looking to IPO in different exchanges (UK and Saudi), but both are reasonably comparable to Sezzle imo, at least in service offering and size.

It's hard to dig out figures but if you snoop around on Google you can find some info. Check Tabby, they claim to have 5m active users - almost twice as many as Sezzle and 30k brands (aka merchants?) vs Sezzle 35k merchants. Zilch claim to have 3m customers (although not sure if active or not). I believe neither are profitable

Expand

Sezzle is profitable for the last 12 months and 3M customers and 35k merchants but it has a MC of around $US 70M.
Compared with the similar size of Zilch of $US 2billion valuation, can anyone explains why there is such big difference?
Do you think something is terrible wrong on Sezzle promotion/road show or sezzle management?

SZL Price at posting: $16.17 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers