Chit Chat Stocks Sezzle: Why This BNPL Stock Has Multibagger Potential (Ticker: SEZL)
Feb 4, 2026
Marc (Manu Invest), a Substack writer and investor with ~10 years in finance, digs into Sezzle and why it could be a multibagger. He breaks down Sezzle's BNPL model and consumer-focused products. He discusses merchant dynamics, Sezzle’s turnaround to profitability, Gen Z adoption, valuation potential, and risks like recession and regulation.
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Prioritize Profitable Growth Over Hype
- Focus on profitable growth instead of burning cash for user growth; prioritize margin-rich product transitions.
- Cross-sell free users into high-LTV subs to sustainably expand revenue without reckless spend.
BNPL Still A Large, Growing TAM
- BNPL originations rose from ~$3B in 2019 to ~$45B by 2023 and could approach ~$900B–$1T by 2030.
- Market adoption still trails credit cards, implying a long-term TAM runway for BNPL players.
Personal Story: From Credit Trap To BNPL Preference
- Marc shares his personal history with credit and why he prefers BNPL as a budgeting tool for younger users.
- He views Sezzle as a safer alternative to revolving credit that limits access when users miss payments.