Affirm Holdings CEO Max Levchin says the buy now, pay later (BNPL) industry offers an alternative to high-interest credit cards. This model allows customers to make purchases and pay for them in interest-free installments, providing transparency and control over their finances, Levchin told Bloomberg in...
Affirm Holding’s fiscal first quarter results showed resilient consumer spending across a variety of channels and enthusiasm for the company’s debit card offering. Supplementals from the company showed that gross merchandise volume (GMV) was up 28% to $5.6 billion. Active customers surged 15% to 16.9...
FinTech company Affirm is reportedly exploring the introduction of a subscription service called Affirm Plus. The potential service aims to offer upgrades for both its buy now, pay later (BNPL) plan users and savings account holders, Bloomberg reported Thursday (Sept. 21). It was discovered within the code of Affirm’s...
For Affirm, growth is still in the mix, and demand is still there for buy now, pay later. But the growth rates are decelerating, leading the company to slash staff and to shutter some operations — notably its crypto initiative. The company also noted in...
February 08, 2024
Buy the rumor, goes the old Wall Street saying, sell the news. And that may have been what happened with Affirm’s stock Thursday evening after the market closed, when investors sent the shares down 11% on the heels of a massive runup into earnings that saw shares close 10% higher in the official trading session. […]
November 08, 2023
Affirm Holding’s fiscal first quarter results showed resilient consumer spending across a variety of channels and enthusiasm for the company’s debit card offering. Supplementals from the company showed that gross...
February 09, 2023
For Affirm, growth is still in the mix, and demand is still there for buy now, pay later. But the growth rates are decelerating, leading the company to slash staff...
April 29, 2019
By the numbers, Americans are not a very financially literate people. According to a Standard & Poor’s Global Financial Literacy survey only about 57 percent of the adult population is...
December 07, 2023
Affirm Holdings CEO Max Levchin says the buy now, pay later (BNPL) industry offers an alternative to high-interest credit cards. This model allows customers to make purchases and pay for them in interest-free installments, providing transparency and control over their finances, Levchin told Bloomberg in an interview posted Thursday (Dec. 7). However, the industry has […]
September 21, 2023
FinTech company Affirm is reportedly exploring the introduction of a subscription service called Affirm Plus. The potential service aims to offer upgrades for both its buy now, pay later (BNPL) plan users...
July 31, 2020
Point-of-sale lender Affirm’s initial public offering (IPO) could reach as much as $10 billion through work with Goldman Sachs, according to people familiar with the matter, The Wall Street Journal...
January 09, 2019
Affirm, a company founded by entrepreneur Max Levchin to provide fair alternative credit, has launched a new free saving account that offers a 2 percent annual interest rate. The move...
