Sep. 14 at 6:14 PM
$SEZL Sezzle outperforms competitors Affirm and Zip in efficiency. It delivers superior growth, higher take rates, better margins, but also a slight edge in transaction cost expenses.
At this point it's difficult for me to justify buying Affirm over Sezzle. The scale advantadge they have (11x the GMV of Sezzle) we see it doesn't translate in more efficiency at least in transaction expenses.
Also its valuation is higher than Sezzle.
I believe Affirm investors will have solid returns over the next years, but Sezzle looks way more appealing now.
$SEZL $AFRM