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Zip is buying Sezzle in the latest buy now pay later deal

Australia's Zip is buying U.S.' Sezzle for AU$491 million.

A "shop now, pay later" neon sign

Buy now pay later has undergone tremendous growth during the pandemic.

Photo: Sudan Ouyang/Unsplash

Australia's Zip is buying U.S.-based Sezzle for AU$491 million ($352.59 million) in the latest acquisition in the buy now pay later sector.

Buy now pay later has undergone tremendous growth during the pandemic as a new form of consumer credit and consumer payments. Block last year agreed to acquire Afterpay for $29 billion and recently closed the deal.

Sezzle, which is publicly listed in Australia, also just reported that it swung to a loss for the second half of 2021.


Correction: This story has been updated to correct the price of Zip's Sezzle acquisition.

Tomio Geron

Tomio Geron ( @tomiogeron) is a San Francisco-based reporter covering fintech. He was previously a reporter and editor at The Wall Street Journal, covering venture capital and startups. He was also as a staff writer at Forbes covering social media and venture capital, and edited the Midas List of top tech investors. He can be reached at tgeron@protocol.com or tgeron@protonmail.com.

buy now pay latersezzlezip
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