About Sezzle Payments Private Limited
Data last updated:
Sezzle Payments Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Sezzle Holdings I, Inc. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 15 January 2020.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93000KA2020FTC131618. Its GSTIN is 29ABDCS2536E1ZE (Karnataka).
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹9.12 Cr. It is led by directors including Vandhana Parkavi and Charles Ghassan Youakim.
Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 175 And 176 Dollars Colony Phase 4 Jp Nagar Bannerghatta Main Road India, Bengaluru, Karnataka, India – 560076.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.88 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹4.34 Cr and EBITDA of ₹21.05 Lakh (EBITDA margin 193.5%).
The company has about 27 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Sezzle. The company has 4 deals on record (4 rights issues); the latest was in January 2022.
The last known website on record is sezzle.in.
Company details
CIN history
Sezzle Payments has one previous CIN (Corporate Identification Number): U65990KA2020FTC131618. The current CIN is U93000KA2020FTC131618, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000KA2020FTC131618 | Current |
| U65990KA2020FTC131618 | Previous |
Contact details
Sezzle Payments Private Limited's registered office is in Bengaluru, Karnataka. Its website is sezzle.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address175 And 176 Dollars Colony Phase 4 Jp Nagar Bannerghatta Main Road India, Bengaluru, Karnataka, India – 560076
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Sezzle Payments Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Sezzle Payments operates one associated brand: Sezzle. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Point-of-sale financing is enabled for installment purchases at partnered retailers. | sezzle.com |
Business activity
The main business activity of Sezzle Payments is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
Financials of Sezzle Payments Private Limited
FY 2023 filings availableSezzle Payments Private Limited reported revenue of ₹10.88 Lakh (down 93% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 93% in the latest year. EBITDA rose 101% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹10.88 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹21.05 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.34 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 193.5% | |||
| Net Profit Margin | ||||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Sezzle Payments Private Limited, buy the company report.
Board of directors of Sezzle Payments Private Limited
Sezzle Payments has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vandhana Parkavi Also directs: Abcde Technologies Private Limited | Director | 15 Jan 2020 | 6 Years 9 Months | As last reported |
| Charles Ghassan Youakim | Director | 15 Jan 2020 | 6 Years 9 Months | As last reported |
| Paul Victor John Paradis | Director | 15 Jan 2020 | 6 Years 9 Months | As last reported |
| Shivaganga Muralidhar Pramod Also directs: BMP & Co. LLP | Irp/Rp/Liquidator | 15 Mar 2024 | 2 Years 7 Months | As last reported |
Auditor
Sezzle Payments Private Limited is audited by ASA & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASA & Associates LLP | FY 2023 | 009571N/N500006 |
Shareholding
The shareholding of Sezzle Payments Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sezzle Payments Private Limited, buy the company report.
Deals & funding
Sezzle Payments Private Limited has 4 deals on record (4 rights issues); the latest was in January 2022.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Rights issue | ₹18.5 Cr | Investors: Sezzle Holding I Inc |
| Jun 2021 | Rights issue | ₹7.25 Cr | Investors: Sezzle Holding I Inc |
| Feb 2021 | Rights issue | ₹7 Cr | Investors: Sezzle Holding I Inc |
| Sep 2020 | Rights issue | ₹4 Cr | Investors: Sezzle Holding I Inc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Sezzle Payments Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sezzle Payments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sezzle Payments has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sezzle Fintech Private Limited | U65999KA2020PTC137899 |
To see the full group structure of Sezzle Payments Private Limited, buy the company report.
Employees & EPFO
Sezzle Payments Private Limited has a workforce of 27 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sezzle Payments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABDCS2536E1ZE | Karnataka | Active | 10 May 2020 |
To see the full GST registrations and return filing status of Sezzle Payments Private Limited, buy the company report.
Recent activity
Sezzle Payments Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Shivaganga Muralidhar Pramod was appointed as Irp/Rp/Liquidator on 15 Mar 2024.
Frequently asked questions
Sezzle Payments is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Sezzle Payments is a company under liquidation, formerly operating as a foreign private limited company based in Bengaluru, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 15 January 2020 and is registered under CIN U93000KA2020FTC131618. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sezzle Payments has 4 current directors:
- Vandhana Parkavi - Director
- Charles Ghassan Youakim - Director
- Paul Victor John Paradis - Director
- Shivaganga Muralidhar Pramod - Irp/Rp/Liquidator
The latest financial statements of Sezzle Payments on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 September 2023. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Sezzle Payments is U93000KA2020FTC131618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sezzle Payments was incorporated on 15 January 2020. It is registered with the Registrar of Companies, Bangalore.
Sezzle Payments has 4 deals on record (4 rights issues); the latest was in January 2022.
Shivaganga Muralidhar Pramod was appointed as Irp/Rp/Liquidator on 15 Mar 2024. Charles Ghassan Youakim was appointed as Director on 15 Jan 2020. Paul Victor John Paradis was appointed as Director on 15 Jan 2020. Sezzle Payments has 4 board changes on record in total.
Sezzle Payments can be reached through the website sezzle.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Sezzle Payments is at 175 And 176 Dollars Colony Phase 4 Jp Nagar Bannerghatta Main Road India, Bengaluru, Karnataka, India – 560076.