Chime and Affirm are growing their lending businesses by offering credit lines and installment loans through apps and debit cards customers already use. Chime reported higher losses in Q3 as more Prime members borrowed for the first time, while Affirm plans to pilot loans on other issuers' debit cards in early 2027. Both companies aim to capture more lending opportunities by integrating credit into everyday payment methods, despite challenges like lower earnings from merchant transactions and increased risk from first-time borrowers. This expansion reflects a broader trend of fintechs leveraging existing customer payment channels to boost credit growth.
Affirm Holdings Inc (AFRM) trades at USD 68.68 on Pluang, up 4.14% as of Nov 11, 2026 23:31 WIB, showing investor interest amid its plans to expand lending through other issuers' debit cards by 2027. The company’s market cap stands at $22.36 billion with a trading volume of 6,148,057 shares, reflecting active engagement in the financial sector. This growth strategy aligns with the broader fintech trend of integrating credit into everyday payment methods, despite challenges from new borrower risks and reduced merchant transaction earnings.
Upstart Holdings shares dropped 11% after a hotter-than-expected inflation report raised concerns about tighter Federal Reserve policy and higher borrowing costs. The company revised its 2026 revenue and profit outlook downward, citing increased borr...
Nexi, a European digital payments company, is selling its payment provider Ratepay to Affirm, a buy now pay later (BNPL) firm. The deal includes a memorandum to expand their partnership in Germany, Austria, and Switzerland, aiming to enhance BNPL off...
