Drop Technologies Inc. Partners with Buy Now, Pay Later Platform to Financially Strengthen Buyers
News and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here.
TORONTO – (BUSINESS WIRE) – Drop Technologies Inc. (Drop) today announced its partnership with Buy Now, Pay Later Sezzle, the top-rated alternative payment platform by buyers that offers interest-free payments for up to 6 weeks. As buyers continue to navigate economic uncertainty in the wake of the Covid-19 pandemic, the newly launched partnership is designed to financially empower the next generation of change makers.
Installed on Drop’s free rewards app – available for download from the App Store and Google Play – the deal offers new and existing Sezzle customers the opportunity to earn Drop Points on every purchase they make using Sezzle . Sezzle’s interest-free solution has no impact on credit scores, so buyers have the flexibility to line up their financial ducks – without giving up their carts in the process.
“We are delighted to announce our partnership with Sezgle,” said Matt Himel, vice president of strategic partnerships and customer success at Drop, adding that the offer will be available in Canada first, with the hope soon to expand to other markets. “Given our company’s mission – to inspire people to live their best lives by empowering them financially – teaming up with Sezzle was a no-brainer. We’re excited to further reward our members for the purchases they make every day and to activate a new frontier of financially empowered buyers.
As Millennials and Gen Z grapple with rising student loan debt and rising cost of living, Sezzle’s flexible payment plan helps keep their daily wants and needs within reach. hand.
Drop’s partnership with Sezzle is available through the Drop app today.
Drop’s mission is to improve the lives of consumers, one reward at a time. With its personalized commerce platform, Drop intelligently highlights the right brands, at the right time, to make members’ lives better than ever before. Powered by machine learning, Drop connects consumers with more than 200 partner brands to meet two main goals: earning points for their purchases and redeeming them for instant rewards. Calling Toronto home but operating with a global mindset, Drop is building the next-level experience for our 3 million members across North America.
For more information visit: www.joindrop.com.
About Sezzle Inc.
Sezzle is a rapidly growing fintech company on a mission to financially empower the next generation. Sezzle’s payment platform increases the purchasing power of more than 2.2 million active consumers by offering interest-free payment plans in more than 26,000 online stores and select stores. Sezzle’s seamless, inclusive and transparent payment option empowers consumers to control their spending, be more responsible, and access financial freedom. When consumers apply, approval is instantaneous and their credit scores are unaffected unless the consumer chooses to join Sezzle – Sezzle Up’s credit building function.
This increase in consumer purchasing power leads to increased sales and basket size for the more than 26,000 active merchants who offer Sezzle.
For more information visit Sezzle.com.
Vice President, Strategic Partnerships and Customer Success, Drop
Source: Drop Technologies Inc.