Afterpay inspires US rival Sezzle to list on ASX

US Afterpay competitor Sezzle is set to become the latest buy now, pay later, fintech to list on the ASX, with the Minneapolis-based start-up inspired by the success of its local rivals.

Having already raised $US5.6 million ($7.9 million) in a pre-IPO round, led by Chicago-based institutional investor Continental Investors, Sezzle intends to list within the next few months and representatives were travelling around Australia last week meeting with local investors.

Speaking to The Australian Financial Review, co-founder Charlie Youakim said Sezzle was modelled on local company Afterpay, with the co-founders wanting to bring the buy now, pay later model to the US.

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Source: Afterpay inspires US rival Sezzle to list on ASX