Sezzle announced the launch of a Canada‑based virtual card on April 14, 2026, using Marqeta’s open‑API platform to issue and process transactions in real time. The card can be added to Apple Pay and Google Wallet, enabling tap‑to‑pay in physical stores and expanding Sezzle’s omnichannel payment options.
The partnership gives Sezzle instant card‑like payments without pre‑funded balances, leveraging Marqeta’s real‑time funding and risk‑management capabilities. This move positions Sezzle to compete more directly with other BNPL and fintech issuers that offer card‑based payment solutions, and it reinforces Sezzle’s status as the most popular BNPL provider in Canada, where it has 1.9 million sign‑ups and nearly 7 million orders.
Marqeta benefits from increased transaction volume and a new revenue stream from platform fees and interchange revenue sharing. The launch extends Marqeta’s Canadian footprint beyond its previous partnership with Rippling for a commercial payment card and its collaboration with Financeit to bring BNPL to the home‑improvement sector.
Sezzle’s Q4 2025 earnings showed a beat with EPS of $1.21 versus an estimate of $0.96, and revenue surged 32.2% year‑over‑year to $129.87 million. The strong earnings reflect disciplined cost control and a favorable mix of high‑margin BNPL transactions, reinforcing confidence in the company’s growth trajectory.
Patrick Chan, General Manager of Sezzle Canada, said the virtual card launch marks a major milestone and expands access to flexible payments. Todd Pollak, Chief Revenue Officer at Marqeta, noted the partnership builds on momentum from the U.S. launch and brings Canadian shoppers more flexible payment options.
The launch is expected to drive in‑store adoption, with a 74% survey response indicating Canadian users would be more likely to shop in‑store if Sezzle were available. The virtual card also positions Sezzle against competitors such as Klarna, Afterpay, and PayPal, strengthening its competitive stance in the Canadian BNPL market.
The partnership underscores the growing BNPL segment in Canada, where Sezzle is the most popular provider. By enabling instant card‑like payments, Sezzle can capture a larger share of the omnichannel retail experience, while Marqeta gains a new revenue stream and deeper market penetration.
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