Sezzle
Ticker SEZL. Buy now, pay later provider.
9 items in 5 issues, Oct 25, 2026 to Nov 8, 2026, newest first. Each item links to the issue it ran in, where its sources are listed.
Related: Charters and sponsor banksRegulation and policyAffirmBlock (Afterpay, Cash App)OppFiKlarnaFintech and new entrantsBuy now, pay later
November 2026
- Sun, Nov 8 · The long read: The charter rush, as Democrats take the Senate
The pay-later race. All three large U.S. pay-later lenders now have bank applications pending. Affirm filed in January for Affirm Bank, a Nevada industrial loan company, and Klarna applied in July for a Utah bank charter. Sezzle applied to the OCC on Oct. 22 for a national bank, a review that CEO Charlie Youakim expects to take 12 to 18 months.
Read in the issue → - Sun, Nov 8 · The long read: The charter rush, as Democrats take the Senate
What to watch. The OCC's approvals do not need the Senate, but deposit insurance from the FDIC is the gating step for de novo banks and ILCs, and FDIC board seats need confirmation. The decisions to watch are the FDIC's rulings on Affirm's ILC and Klarna's Utah bank, Sezzle's OCC review and whether OppFi refiles or ends its BNC agreement.
Read in the issue → - Sat, Nov 7 · Opening balance
The calendar. The week packed in midterm elections on Tuesday, fintech earnings from Block, Upstart and Oportun that evening, Sezzle and Affirm on Wednesday, and the October jobs report on Friday. Economists surveyed by Bloomberg expected about 70,000 new jobs.
Read in the issue → - Sat, Nov 7 · Credits
Fintech results. Block lifted its 2026 gross profit guidance to $12.626 billion as consumer lending originations, led by Cash App Borrow and Afterpay, climbed 40% to $19.0 billion; its shares gained 12.1% for the week. Sezzle raised its 2026 revenue growth forecast to about 42.5% after third-quarter revenue grew 42.6%, and its shares rose 10.8%.
Read in the issue → - Sat, Nov 7 · Interest earned
Charters, both ways. Sezzle applied in October for a national bank charter as Sezzle Bank, N.A., while OppFi withdrew its regulatory applications to buy Arizona's BNC National Bank, citing a "lack of clearly articulated standards," though its merger agreement remains in effect.
Read in the issue → - Thu, Nov 5 · Earnings
Sezzle. Sezzle raised its 2026 revenue growth forecast to about 42.5% from 35%, its fourth increase this year, after third-quarter revenue rose 42.6% to $166.5 million and net income rose 79% to $47.8 million. Total transaction volume grew 34.9% to $1.4 billion, and the credit loss provision fell to 2.7% of volume from 3.1%, against a full-year target of about 2.5%. Sezzle applied in October for a national bank charter as Sezzle Bank, N.A., and set a preliminary 2027 adjusted EPS outlook of $7.20. Subscribers rose 68% to 955,000. "We enter the holiday season with Subscribers approaching one million and transaction frequency reaching a Company high," CEO Charlie Youakim said in the results release.
Read in the issue → - Sun, Nov 1 · The week ahead
Sezzle. Reports Wed Nov 4.
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October 2026
- Sun, Oct 25 · BNPL & lending
Sezzle (Oct 22). Sezzle applied to the OCC for a national trust bank charter to add checking, savings and broader banking for "people who prefer BNPL." It dropped its earlier Utah ILC plan, citing new state BNPL rules (NY, IL, OR) and pushback on ILCs. The review is expected to take 12-18 months. TD Cowen called it "a smart move."
Read in the issue → - Sun, Oct 25 · Banks & charters
Charter wave. Block, Ramp, Avant and Modern Treasury have sought OCC charters in recent months, and Ramp applied the week before Sezzle. Context: Affirm applied for a Nevada ILC earlier in 2026, PayPal sought a Utah ILC in Dec 2025, and Upgrade filed for a Nevada ILC on Oct 12, 2026, naming ex-OCC and SoFi executive Virginia Varela as bank CEO.
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