Buy now, pay later sees big sales growth on Black Friday, Cyber Monday - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Buy now, pay later fintechs are seeing explosive holiday sales growth. Here's how much 5 players raked in over Black Friday and Cyber Monday.

Minneapolis-based Sezzle saw $113 million in sales in November, up 188.5% year-over-year. Black Friday was the buy now, pay later's largest day ever in terms of sales and active users.

Sezzle, which is listed on the Australian stock exchange, has 2 million users in the US. Its most recent retail partnerships include GameStop and niche retailers like Sole Serious and Pure Hockey.Splitit saw $15.3 million in sales from November 23rd to 30th. Its volumes were up 255% year-over-year in November. Top spending categories included home, fitness, jewelry, and accessories.

With 48,000 new shoppers added in October and November, Splitit has over 410,000 total users. Unique to Splitit is its credit decisioning. It makes decisions based on consumers' existing spending power on their credit cards.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We have “paylater” here with gojektech apps..... so exceeding the tech

United States United States Latest News, United States United States Headlines