Some back-of-the-envelope analysis for you all. Very interesting...

Some back-of-the-envelope analysis for you all.

Very interesting results from Zip today. I liked that they've seen even higher volumes MTD in May! I've compared their monthly update against Sezzle. Yes, they operate in different markets and are at different stages of maturity. Nonetheless, below is a 'scorecard' of some key metrics.




What sticks out to me is the significantly stronger growth coming out of Sezzle. And growth is valuable! If this growth continues, and I see no reason why it won't, Sezzle will soon overtake Zip in terms of Merchants, Active Customers and UMS. But the opportunity in Sezzle's main market is 12x bigger. Still now, the market cap is only a third of Zip's. That's the value I see!