Sezzle’s (ASX:SZL) California lending license approved

17JanJanuary 17, 2020

Sezzle’s (ASX:SZL) California lending license approved

The State of California Department of Business Oversight has granted US-based alternative payments leader, Sezzle (ASX:SZL) a lending license in the State of California.

Sezzle’s Executive Chairman and CEO Charlie [You-ee-cam] Youakim says “we are thankful to the California Department of Business Oversight for their prompt and open approach to resolving this matter in such a timely and professional manner.

This is a great result for Sezzle and provides the platform for us to continue our planned growth strategy in the state of California.”

Prior to receiving the lending license, Sezzle was operating in California under a retail installment structure, whereby retailers initiated the instalment loan and transferred the loan to Sezzle to service.

Shares in Sezzle (ASX:SZL) are trading 20.9 per cent higher at $2.14
Copyright 2020 – Finance News Network

Source: Finance News Network

23JanJanuary 23, 2024

Stocks of the Hour: Cobre, Hot Chili, Aspen Group

23 Jan 2024 - A snapshot of the stocks on the move, featuring Cobre (ASX:CBE), Hot Chili (ASX:HCH) and Aspen Group (ASX:APZ).

25NovNovember 25, 2021

Stocks of the Hour: EML Payments, NAB, Adairs

25 Nov 2021 - A snapshot of the stocks on the move featuring EML payments (ASX:EML)m National Australia Bank (ASX:NAB), and Adairs (ASX:ADH).

15SepSeptember 15, 2019

Virgin Australia to buy back Velocity stake from Affinity

16 Sep 2019 - Virgin Australia (ASX:VAH) today confirmed that it has entered into a term sheet with Affinity to buy back its 35 per cent investment in the Velocity Frequent Flyer program for $700 million.

19NovNovember 19, 2019

Technology One (ASX:TNE) posts 50% increase in profit

19 Nov 2019 - Software company, TechnologyOne (ASX:TNE) has posted a 50 per cent increase in profit to $76.4 million for the financial year ending 30 September 2019.

30JulJuly 30, 2020

Commonwealth Bank (ASX:CBA) makes new $300 million provision for remediation

30 Jul 2020 - Commonwealth Bank (ASX:CBA) has announced a new $300 million provision being made to pay remediation to customers for problematic financial advice highlighted by the Hayne royal commission, including charging fees for no service and providing inappropriate advice.