April 30 (Reuters) - Sezzle Inc SEZNL.PK :
* UNDERLYING MERCHANT SALES FOR 1Q21 INCREASED 214.1% YOY TO US$375.1M
* ADDED OVER 7,300 ACTIVE MERCHANTS IN QUARTER
* NOW ENTERING BRAZIL
* QTRLY SEZZLE INCOME US$22.3 MILLION, UP 216.2%
* BELIEVES BRAZIL REPRESENTS LONG-TERM OPPORTUNITY
* ENTERING BRAZIL WITH SIMILAR PLAYBOOK TO INDIA AND EUROPE, LIMITED INVESTMENT, LOW RISK, AND MINIMAL RESOURCE REQUIREMENTS
* AMOUNT OF INVESTMENT IN BRAZIL NOMINAL AND PRODUCT LAUNCH TIMING UNCERTAIN