Sezzle CEO says BNPL is taking market share from traditional banks lacking digital payment tech.

Sezzle CEO Charlie Youakim stated that the buy-now-pay-later (BNPL) sector is gaining market share from regional banks and credit unions that lack modern digital payment systems. Sezzle's stock has surged over 150% since early 2026, with strong financial results including 29.2% revenue growth and a 41.9% increase in net income in Q1 2026. The company focuses on short-duration loans, which it claims offer better margins and lower credit risk compared to longer-term BNPL competitors. Investors should watch Sezzle's bank charter application, expansion in Canada, and credit performance amid regulatory and legal challenges facing the BNPL industry.