Sezzle has secured a $100 million debt funding facility with a syndicate of lenders, tripling the size of company’s prior credit facility of $30 million.
The three members of the syndicate are Atalaya Capital Management, Bastion Consumer Lending and Hudson Cove Capital Management.
These three credit providers are asset management firms that specialize in consumer lending and alternative credit.
The new $100 million credit facility will support Sezzle to aggressively grow its business.
Sezzle provides a payments platform that facilitates fast, secure and easy payments between consumers and retailers