Here’s why the Sezzle (ASX:SZL) share price is up over 5% today // The Motley Fool Australia

The Sezzle Inc (ASX: SZL) share price is up 5.44% today, after the company reported a record fourth quarter FY20 performance.

At the time of writing, shares in the ASX buy now, pay later player are swapping hands for $6.59.

New records every month

According to this morning’s update, Sezzle reached new heights every month during its fourth quarter. These gains span across the company’s underlying merchant sales (UMS), active consumers, active merchants and repeat usage numbers. 

Merchant fees, which represented 84% of Sezzle’s total income in the first half of 2020, rose a whopping 195.6% year-over-year to reach US$17.2 million in the fourth quarter.

These latest results aren’t the first time Sezzle has come to the table…