Affirm CEO Max Levchin highlighted increased demand for buy now, pay later (BNPL) services as rising gas prices and inflation impact U.S. consumers' budgets. Despite a slight drop since May, gas prices remain nearly a dollar higher than the previous year, prompting consumers to seek flexible payment options. Affirm's BNPL offerings help consumers manage monthly expenses by spreading out payments, making affordability easier during inflationary times. Research shows growing use of multiple BNPL providers, reflecting consumers' desire to compare options for the best fit.
Affirm's growth strategy includes expanding offline retail via Affirm Card, new professional services, elective medical verticals, and international expansion, driving merchant growth and transaction frequency. Despite strong free cash flow, a health...
Affirm Holdings reported a strong fiscal Q4 with revenue up 33% year-over-year to $1.166 billion, surpassing estimates. Gross merchandise volume rose 36% to $14.1 billion, and the company expects fiscal 2027 GMV to exceed $64 billion, signaling at le...
Buy Now Pay Later (BNPL) stocks surged after Stripe and Advent International withdrew from a potential $50 billion PayPal acquisition. This deal collapse removed a major buyer, causing PayPal shares to drop 11% while competitors Klarna, Affirm, and S...
Missing a Buy Now, Pay Later (BNPL) payment often results in late fees averaging $10, account suspension, and potential credit score harm as more providers report to credit bureaus. If unpaid balances go to collections, it can impact credit for up to...
Affirm Holdings reported quarterly results that exceeded expectations, boosting its shares by nearly 10% in after-hours trading. The company showed strong business resilience with low delinquency rates and 36% growth in gross merchandise volume, desp...
