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Sezzle announces Jan-Mar 2020 quarter update. Covid commentary below.

COVID-19 Impact

Despite the slowing of overall economic activity in the U.S. and Canada due to COVID-19, North American consumers and retailers are turning to eCommerce for their needs. This shift to online shopping has positioned Sezzle as a key partner for merchants looking to offer more flexible payment options for their customers.

End-customers continue to utilize Sezzle’s payment product to budget through these difficult conditions.

Thus far through the pandemic, the Company has not seen any impacts to its credit quality or repayments. The Company continues to monitor its leading indicators carefully and has taken proactive measures to protect against potential increases in loss rates.