There were two core components to the Discover announcement beyond the USD 30 million investment, according to ig.com, first surrounding the fact that it was reportedly revealed that Sezzle and Discover were poised to enter into a partnership aimed at rolling-out a BNPL 'network solution on the Discover Global Network.' That partnership was subject to the completition of a yet-to-be finalised commercial agreement. Two, a referral programme with Discover was also announced, aimed at introducing Sezzle customers to Discover’s credit and debit products.
Looking at the specifics of Discover’s investment, some 4.5 million shares are set to be issued as part of Sezzle's existing placement capacity. The shares issued as part of the Discovery investment would rank equally to all other Sezzle shares. That stock is expected to be issued early next week.
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