Affirm has become one of the hottest fintech firms out there as buy now pay later has been one of...
Affirm (NASDAQ: AFRM) today announced the launch of two significant additions to its product suite: the Affirm SuperApp and Chrome browser extension.
Consumer lending Platform Affirm is looking to move beyond lending and into the financial advice space; currently Affirm works with retails to offer consumers a credit option when making a purchase; they are exploring ways to help customers better understand their debt and offer a way to help them reduce interest payments; Affirm has lent over $1bn to date Source.
Affirm announced they are partnering with merchants to make financing available in-store; Affirm InStore works similar to their online point of sale solution where customers can pay for purchases over time with fixed installments; the company also announced that consumers will be able to add a newly issued Affirm virtual card via Apple Pay. Source
Affirm has struck a partnership with Shopify to power their buy now pay later product; “We’re super excited to be...
The Wall Street Journal reported late yesterday that Affirm has started to prepare for an IPO that could value the...
Affirm produced a solid earnings report with 48% revenue growth and the company now has more than 17 million active customers
The Series F round values the company at $2.9 billion post money according to Axios; participating investors include Thrive, Fidelity,...
According to Bloomberg, the company is in advanced talks for the latest round; the valuation would be about double of Affirm’s last round in April 2016; Affirm works with over 1,000 retailers and also recently rolled out a mobile app which includes a virtual credit card; the point of sale loans have annual percentage rates between 10-30%. Source
Shares of Affirm, the digital “buy now, pay later” company, soared as high as 30% in after-hours trading Wednesday, after the company said it would expand its partnership with Amazon. The company also beat analyst estimates on revenue in the fiscal first quarter.