BusinessFinTechFunding

Sezzle: Raises $7.2M via SPP after scaling back applications

  • Sezzle (SZL) has raised $7.2 million via a securities purchase plan (SPP) which was heavily oversubscribed
  • The fintech company closed the SPP with almost $78 million in applications from over 4000 eligible shareholders
  • It’ll scale back those applications on a pro-rata basis, with funds to be returned later this month
  • The company also recently closed a placement, walking away with over $79 million in additional equity
  • Sezzle’s CEO said the company is now well funded for future growth
  • Shares in the company are trading for $7.50, up 4.9 per cent
Previous article
NN IP: Appoints of Roeland Dietvorst as lead behavioural scientist
Next article
Fluence Corporation: Secures $250K contract for Aspiral in South Africa
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Fed Accelerates FedNow Development for Cross-Border Payments

New consultations aim to enhance international transaction efficiency.Highlights: Federal Reserve seeks input on cross-border payment improvements.FedNow aims to...
FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...