Sezzle, the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership group.
Bork, who served as senior manager of international accounts at PayPal to get a couple of years, has been appointed vice president of business sales. From the newly created role, he’ll be accountable for directing the company’s large-scale retail purchase attempts.
Bork will spearhead Sezzle’s enterprise business development efforts, as the firm focuses on customer acquisition after its latest capital increase.
Since Fintech Zoom recently reported, the purchase now, pay later (BNPL) company increased $55 million in its most recent funds around. Sezzle explained the cash will be utilised to further the company’s growth plan and strengthen its balance sheet.
“The Sezzle board is excited to see another great addition to the leadership team, which will further accelerate our push into the large-scale enterprise market,” stated Kathleen Pierce-Gilmore, a Sezzle board member, in a declaration. “Reid is an expert in the large-scale merchant acquisition space, and we are confident that he is the ideal person to take Sezzle’s enterprise business to the next level.”
Earlier in his career, Bork played a significant part in large business plan at Bill Me Later, the business said. In 2008, eBay, PayPal’s parent, obtained Bill Me Later for $820 million in cash and $125 million of exceptional stock choices. In PayPal, Bork allegedly became a vital member of this unit responsible for assisting the organization enter and browse the massive business retail vertical.
“I look forward to bringing my experience in enterprise sales to the fast-paced, forward-thinking culture at Sezzle and the rapidly accelerating ‘buy now, pay later’ space,” stated Bork in a declaration. “These are unprecedented times, and retailers are looking for innovative solutions to support their customers…”
In February, the four-year-old FinTech startup declared it had topped one million clients. Three decades after its launching, Sezzle struck the half-million customer markers and doubled in under six months, the business said.
In January, Sezzle has been denied a critical financing license from California. Meanwhile, rival BNPL firm Afterpay’s program was accepted by the nation.
The business provides U.S. and Canadian customers small, interest-free loans, then takes possession of their contract arrangements between retailers and customers to process payments.