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December 19, 2023

On the wires

December 13, 2023

On the wires

September 25, 2023

On the wires

June 7, 2023

On the web

May 31, 2023

On the wires

September 23, 2022

On the web

Amazon Launching Affirm’s ‘Buy Now, Pay Later’ Option in Canada

Yahoo Finance

“Amazon customers in Canada will soon be able to pay for their purchases on the website in smaller, monthly instalments as the e-commerce giant expands its partnership with payments company Affirm north of the border. Affirm said on Thursday in a press release that purchases on Amazon.ca of at least $50 will be eligible for the pay-over-time option within the next month if customers select the company as their payment method. Eligibility will be based on a quick approval process and details about the monthly payments, including the repayment timeline, will be displayed prior to checkout, according to Affirm.”

August 29, 2022

On the web

Affirm’s Outlook Comes Up Short (Video)


“Affirm co-founder and CEO Max Levchin joins Emily Chang to discuss the latest comments from Federal Reserve Chair Jerome Powell and the tech selloff, how it is affecting Affirm and the “Buy Now, Pay Later” industry, and why the company is approaching the next fiscal year “prudently.”

June 28, 2022

On the web

As Klarna and Affirm Falter, a New Breed of ‘Buy Now, Pay Later’ Startups are Stealing the Spotlight


“With hype over the “buy now, pay later” trend fading, some investors are betting they’ve found the next big thing. Buy now, pay later companies like Klarna and Affirm, which let shoppers defer payments to a later date or break up purchases into interest-free installments, are under immense strain as consumers become more wary about spending due to the rising cost of living, and as higher interest rates push up borrowing costs. They’re also facing increased competition, with tech giant Apple entering the ring with its own BNPL offering.   But venture capitalists are betting a new breed of startups from Europe will be the real winners in the space. Companies like Mondu, Hokodo and Billie have raked in heaps of cash from investors with a simple pitch: businesses — not consumers — are a more lucrative clientele for the buy now, pay later trend.”

June 13, 2022

On the web

Affirm Partners with Agoda to Bring Travelers More Flexible Payment Options

Business Wire

“Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with global travel platform Agoda, part of Booking Holdings, the world’s leading provider of online travel and related services. Now, eligible travelers can book their hotel accommodations for upcoming trips across the Agoda platform both on web and via the app and pay over time for bookings over $50.  By selecting Affirm as a checkout option on the platform, eligible travelers can split the total cost of purchases into either biweekly or monthly payments for as low as 0% APR. They are shown the total cost of their purchase and will never pay more than the agreed amount upfront. With Affirm, customers will know exactly what they owe with no additional late charges or hidden fees. Agoda integrates Affirm’s Adaptive Checkout to offer customers dynamic payment options to suit a variety of budgets and preferences, including four interest-free biweekly payments as well as monthly payment options.”

June 8, 2022

On the web

A Warning Sign for the Buy-Now-Pay-Later App Affirm

Los Angeles Times

“Some of the riskiest loans given to millennials and Gen Z shoppers for clothes and electronics — and neatly repackaged for investors — are dropping in value. Securitization packages of buy-now-pay-later loans from one provider, Affirm Holdings Inc., are falling in price for investors to buy while becoming more expensive to issue, after rising rates and a cost-of-living crisis cast a shadow over the sector. Affirm has more than 12.7 million customers and extended around $3.9 billion of loans in the first three months of 2022. It was valued at $47 billion in September after a blockbuster listing on Nasdaq in January 2021, but its shares have fallen more than 80% this year.”

May 31, 2022

On the web

Affirm and Stripe Partner to Help Businesses Grow Their Revenue


“Affirm, the payment network that empowers consumers and helps merchants drive growth and Stripe , a financial infrastructure platform for businesses, announced a strategic partnership that makes Affirm’s Adaptive Checkout™ available to Stripe users in the U.S. today. Adaptive Checkout uses Affirm’s smart decision engine to make a real-time underwriting decision and offer consumers optimized bi-weekly and monthly pay over time options side-by-side.”

May 4, 2022

On the wires

Affirm to be First Buy Now, Pay Later Partner Fully Integrated to Carat from Fiserv

“Affirm, the payment network that empowers consumers and helps merchants drive growth, and Fiserv, a global provider of payments and financial services technology solutions, today announced a relationship that will make Affirm available to Fiserv enterprise merchant clients later this year. With this partnership, Affirm will become the first buy now pay later provider fully integrated to the Carat℠ operating system from Fiserv. Through this end-to-end integration, Fiserv enterprise merchant clients will be able to add Affirm’s Adaptive Checkout™, which dynamically surfaces biweekly and monthly payment options side-by-side, to their checkout experience through a simple process. Eligible customers will then have the option to split the cost of purchases and choose between biweekly or monthly payment options. True to Affirm’s long-standing commitment to never charge late or hidden fees, customers will never owe more than they agree to upfront at checkout.”

March 17, 2022

On the web

Wealthy BNPL Consumers Give Affirm a Boost

Payments Dive

“It turns out that buy now-pay later services appeal to the rich as well as those less well off in an inflationary environment because both are eager to save a buck — at least that’s the conclusion in one equity analyst report on buy now-pay later company Affirm.”

May 11, 2021

On the web

Affirm Beats on Revenue, Sees Early Recovery in Travel Spending


“Affirm Holdings Inc. topped revenue expectations Monday afternoon while delivering an optimistic forecast for the current quarter. The buy-now-pay-later company posted a fiscal third-quarter net loss of $247.2 million, or $1.06 a share, compared with a loss of $85.6 million, or $1.80 a share, in the year-earlier quarter. Gross merchandise volume rose 83% from a year earlier to $2.3 billion. Excluding Peloton, Affirm’s GMV doubled from the year-prior period. Affirm saw a near tripling of volume in its travel and ticketing category on a sequential basis, the company disclosed in its release.”

October 7, 2019

On the wires

Affirm Announces New App Enabling Consumers to Shop Anywhere and Split Payments

“Affirm, Inc., the financial technology company that provides transparent and consumer-friendly payment alternatives to cash and traditional credit, today announced its new app, which allows consumers to shop at virtually any store and split their payments. The app enables consumers to shop with the trust and convenience that modern shoppers demand, furthering the company’s mission of providing honest financial products that improve lives. “Over the past 7 years, millions of customers have come to love the simplicity and transparency of shopping with Affirm—and they want to use our product everywhere,” said Max Levchin, co-founder and CEO of Affirm. “Today we’re excited to make this a reality with the new Affirm app, enabling consumers to use Affirm everywhere they love to shop.””

February 27, 2019

Top Post

Affirm and Walmart Announce Omnichannel Partnership

“Affirm, Inc., the financial technology company that provides transparent and consumer-friendly payment alternatives to cash and traditional credit, today announced a partnership with Walmart that will give shoppers the option of using Affirm to pay for their purchases over time at nearly 4,000 Supercenters nationwide. Walmart will begin to integrate Affirm as a payment option on Walmart.com over the coming weeks.”

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