I’ve been meaning to set up my own thread for this for a while, but now I found a suitable moment to write a few words. A few messages can be found in the Foreign Stocks thread. https://keskustelut.inderes.fi/t/ulkomaiset-osakkeet/1657/398?u=jaska7
Briefly: Sezzle Inc. is a recent IPO from the United States, operating in the fintech sector. The company offers alternative payment methods, focusing on BNPL (Buy Now, Pay Later) solutions. The company works closely with WebBank (which acts as a loan provider). Revenue primarily comes from merchant fees, consumer fees, and potential additional services (Sezzle Premium). The company has successfully turned its business profitable. Generally, the BNPL market is growing globally, but there are numerous players and competition is fierce.
Materials:
Company’s own presentation: https://assets.ctfassets.net/6d085vujy22q/7GSCjSK9aK4cCoJaqsqWR0/d09deda51f912dbfe86585c0c414a207/Sezzle_Investor_Presentation_May_2025.pdf
Latest 10 Q
https://cdn.kscope.io/3cef9e444f134610e9c55571a7ba87c9.pdf
https://cdn.kscope.io/729c724e6786a39cdafebb08499efeb1.pdf
https://cdn.kscope.io/800011a5efe94fd45da62832df19e593.pdf
https://cdn.kscope.io/71f4abd72e33604a3b1039373ba57800.pdf
2024 Annual Report: https://assets.ctfassets.net/6d085vujy22q/3ZIlZgf3i0x1PlXYbCDxVJ/9687fa4ffe0a4371ec8e51d8d46b6942/2024_Annual_Report.pdf
E: Hindenburg’s and other short reports should almost always be read, but it’s also important to remember that their job is to make money for themselves. In this company too, the importance of one’s own research and analysis is emphasized. It’s always good to keep risks in mind 
