Charlie Youakim

So our CFO, she's always been in this sort of like lending area.

And she says this customer is already in a bit of recession.

So they're kind of, you know, in there, that situation already, just to level set.

But I think here's where the big benefit we have at Sezzle versus other companies in the credit space.

First of all, incredibly short durations.

with an incredible amount of data points coming in really fast per customer.

So we can detect a customer reaching some sort of financial difficulty early.

They get shut off.

The moment they miss a payment, they get shut off.

Extension of further credit is stopped.

Credit cards, not the case.

They can continue to purchase.

So we stopped the extension of credit.

We stopped the runaway train to that customer.

And then we can also, if we're starting to see like abnormalities in our system, which we see every day, we watch data every day.

We see abnormalities, we can lower limits across the board.

Again, a tool a lot of other companies cannot do, especially credit cards.

Credit cards have to give 45 day notice.

just to lower a limit to a customer.

We can lower limits next hour if we're seeing things we don't like across the board.