Sezzle Files Antitrust Action Against Shopify

Core Viewpoint - Sezzle Inc. has filed a lawsuit against Shopify Inc. for alleged antitrust violations, claiming that Shopify is engaging in monopolistic practices that hinder competition in the "buy now, pay later" service sector [1]. Group 1: Lawsuit Details - The lawsuit is filed in the U.S. District Court for the District of Minnesota, asserting both federal and state antitrust violations [1]. - Sezzle is seeking an injunction to stop Shopify's alleged anticompetitive conduct, which it claims limits consumer choice and fair market competition [1]. - The company is also pursuing treble damages as part of the lawsuit [1]. Group 2: Company Commitment and Updates - Sezzle's CEO, Charlie Youakim, emphasized the company's commitment to a competitive and consumer-friendly payments ecosystem, stating that the lawsuit is a crucial step for merchants and consumers [2]. - The company reaffirmed its fiscal 2025 guidance, indicating confidence in its financial outlook despite the ongoing legal challenges [7]. Group 3: Company Overview - Sezzle is a fintech company focused on empowering consumers through its digital payment platform, which offers point-of-sale financing options and connects millions of customers with merchants [3]. - The company prioritizes transparency, inclusivity, and ease of use, aiming to help consumers manage their spending and achieve financial independence [3].