Consumer lending fintech Affirm (ticker: AFRM) went public on the Nasdaq Wednesday and saw their stock take off. Shares were...
Making news this week was Affirm partnering with Stripe, an OpenSea executive getting charged with insider trading, Binance Labs closing a new fund, Ripple and FTX on the hunt for acquisitions, Nav teaming up with Marcus and more.
This week, we look at:
Embedded finance as a growing theme with the $10B Affirm IPO and Stripe's launch of Treasury
The customer types that each of these firms is attempting to convert into their product, and what this tells us about economic growth
A framework for understanding the emerging value chain of digital finance, and the role of platforms and marketplaces
As Klarna IPOs today, the fintech sector is closely watching for indicators of health in the market. How will the...
Affirm has struck a partnership with Shopify to power their buy now pay later product; “We’re super excited to be...
Affirm has raised $200 million in its latest round led by GIC, a Singaporean sovereign-wealth fund; the valuation of the company is between $1.5 and $2 billion according to sources, which is about double the valuation of the company last year; Khosla Ventures and Spark Capital also participated in the round. Source
Affirm has become one of the hottest fintech firms out there as buy now pay later has been one of...
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
Afterpay operates in the buy now, pay later space and is a similar offering to other fintechs like Affirm and...
Leading point of sale financing firm Affirm recently partnered with Walmart and the nation’s largest bank, JPMorgan Chase, just released...