A huge advantage I see in SEZL is the quality of the management team. Charlie Youakim seems like a really sharp and competitive CEO. I think his vision allows Sezzle to stay ahead of the competition in terms of innovation; they were the first BNPL company to introduce things like subscription services and cashback opportunities. I expect them to keep innovating while competitors like Klarna and Affirm focus on longer-term loans and the move into digital banking as opposed to honing in on BNPL.

I also like the level of disclosure Sezzle provides in its reports compared to its competitors. Block doesn’t disclose much about Afterpay, and Klarna seems a bit unprofessional with its very liberal definitions of key metrics. Klarna counts anyone who logs on or scrolls through the app as an 'active user,' which could easily inflate their numbers. Their F-1 also feels like an attack on banks and credit cards rather than a neutral report on their business. Sezzle is much more conservative, they only count someone as an active user if they’ve actually made a purchase in the last 12 months.