By Stuart Condie

SYDNEY–Sezzle Inc. shares fell as a lot as 18% after the U.S.-based buy-now-pay-later supplier’s first-half loss widened 45% on larger prices.
The ASX-listed firm on Tuesday reported a web loss for the six months by means of June of US$43.three million in contrast with US$29.9 million a yr earlier. Sezzle stated the widened losses have been pushed by larger bills, together with advertising and payment-processing prices.

Income rose 6.5% to US$56.9 million.
Shares in Sezzle have been final down 9.8% at 74 Australian cents (52.zero U.S. cents) after earlier reaching a three-week low at 67.5 Australian cents.
Credit score high quality improved as Sezzle’s provision for uncollectable accounts dropped 18% to US$18.four million. That represented 37% of revenue, in contrast with 49% a yr earlier.
The end result had been resulting from be Sezzle’s final as a standalone firm after it agreed in February to be acquired by rival Zip Co. by the top of the third quarter. The businesses scrapped the all-scrip deal in July as interest-rate hikes pushed up funding prices and macro uncertainty decimated buy-now-pay-later inventory valuations.
Sezzle had US$63.three million money available on the finish of June, not together with the US$11 million that Zip can pay for terminating the acquisition.
Write to Stuart Condie at stuart.condie@wsj.com