Sezzle Inc. announced that as of 16 January 2020 (US time) the State of California Department of Business Oversight (`DBO') has formally approved Sezzle's application for a lending license in the State of California. This approval ensures that Sezzle is able to continue to operate seamlessly in the State of California, further solidifying the company's position as the leading US-based installment payment platform. Prior to receiving the lending license, Sezzle was operating in California under a retail installment structure whereby retailers initiated the installment loan and transferred the loan to Sezzle to service. The DBO lending license approval allows for a seamless transition of services from this prior structure to the direct lending structure Sezzle is operating under currently.