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Sezzle Adds Former PayPal Executives as Advisors


A pair of former PayPal vets are joining Team Sezzle.


Scott Guilfoyle and Annick Fuchs will serve as advisers for the Minneapolis, Minnesota-based payments innovator. Guilfoyle, who was SVP and CTO of PayPal from 2008 to 2012, will join Sezzle as an adviser. Fuchs, former head of legal at PayPal, will be Sezzle’s new legal adviser.

In addition to his work with PayPal, Guilfoyle (right) was CIO of LendingTree, CIO of General Electric, and CIO of Consumer Products at Bank of America. Sezzle plans to leverage Guilfoyle’s diverse background to take on “the giants of payment processing,” said Sezzle CBDO Paul Paradis. Fuchs (below), who launched her law firm fuchsLAW this spring, pointed to her background in fintech in general and payments in specific as one reason why Sezzle was a good fit. “The plans and stage of the company match perfectly with what we specialize in at fuchsLAW.”


Founded in 2016, Sezzle demonstrated its Sezzle Pay solution at FinovateSpring 2016. The company uses bank sign-on and ACH rails to provide lower-cost, immediate payments for retailers. And in charging 1.5% plus 15 cents, Sezzle is half the cost of credit and debit card processing. Sezzle Pay also enables rewards through debit card purchases, providing a 1% reward for consumers that pay via the platform.

Sezzle earned a semifinalist spot in the 2016 Minnesota Cup, the biggest, statewide, new-venture competition in the country. Currently in fundraising mode, Sezzle picked up an investment from Brussels-based E-Merge in June, the same month the company made major additions to its technology team.