Podcast: Bank to the future – Charles Youakim, CEO of Sezzle (Ep 31)

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Chris Titley
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By Chris Titley
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27 November 2020, 4:30 PM

Today’s episode is with Charlie Youakim from Sezzle (ASX: SZL). Sezzle plays in the Buy Now Pay Later (BNPL) sector and Charlie goes into detail on how they are competing in what is quite a crowded market.

Sezzle’s average basket size is $90 USD (smaller v peers) and the feedback from merchants has been very strong as they increase sales, volume, and basket size. Charlie also talks about 2020, the psychology of their target market, and why customers keep coming back.

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From July 1, 2020 Open Banking in Australia is now active. To document this change, as well as other current and future trends in banking and payments, Morgans Financial is launching the “Bank to the future”, podcast series. This podcast is designed to educate investors by profiling and introducing companies and individuals within the digital and traditional banking landscape, payments, lenders, Buy now pay later (BNPL) and many other partners within the domestic and global ecosystem. Click on the 'Podcast' tag in the menu to the right to listen to the most recent interviews. Please contact your nearest Morgans office for more information.

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

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