Welcome to our dedicated page for Affirm Holdings news (Ticker: AFRM), a resource for investors and traders seeking the latest updates and insights on Affirm Holdings stock.
Affirm Holdings, Inc. (NASDAQ: AFRM), founded in 2012, is a leader in the Buy Now, Pay Later (BNPL) sector in the United States. The company offers innovative financial technology services that allow consumers to make purchases both online and in-store with flexible payment plans. Affirm's platform is designed for digital and mobile-first commerce, providing a transparent and user-friendly point-of-sale payment solution. It also offers a consumer-focused app and merchant commerce solutions. Affirm is partnered with nearly 235,000 merchants and serves approximately 14 million customers, primarily generating revenue through merchant networks and virtual card networks.
Affirm stands out by showing customers the total cost of their purchase upfront, without any hidden fees or late charges. This commitment to transparency and trust has helped it expand its services to prominent partners like Walmart, where eligible consumers can pay over time at over 4,500 stores, including Walmart Vision and Auto Centers.
Recently, Affirm has announced a partnership with Evolve, a leading vacation rental hospitality company, allowing travelers to book vacation rentals and pay over time with simple monthly payments. This aligns with Affirm’s mission to offer honest financial products that improve lives by enabling consumers to spend and save responsibly.
Affirm has also expanded its services to Canada through a partnership with FlightHub, allowing Canadian travelers to pay over time for their trips. Further, the company introduced new payment options, Pay in 2 and Pay in 30, to offer greater flexibility to consumers completing smaller transactions under $150.
Affirm's mission is to build a new kind of payment network based on trust, transparency, and putting people first. The company is dedicated to empowering consumers and providing merchants with the tools to drive growth. Affirm's commitment to honesty and customer satisfaction continues to set it apart in the financial technology sector.
Affirm (NASDAQ: AFRM) and Shopify have announced an expanded global partnership agreement. The deal maintains Affirm as the exclusive provider of Shop Pay Installments in the United States and extends this exclusivity to Canada, with plans to expand into the UK market.
Under the agreement, eligible Shopify merchants in Canada will be able to offer Shop Pay Installments powered by Affirm at checkout. Customers will have access to flexible payment options including biweekly and monthly plans, with rates starting at 0% APR, terms up to 24 months, and no late or hidden fees.
The partnership, which began five years ago, has seen significant success since Shop Pay Installments' launch in 2021, with millions of consumers utilizing the payment option across Shopify's U.S. merchant network.
FIS (NYSE: FIS) has announced a strategic partnership with Affirm (NASDAQ: AFRM) to provide integrated pay-over-time capabilities to FIS debit issuing banking clients. Upon launch, FIS debit processing banks can integrate Affirm's solution into their digital banking and mobile app platforms, offering their customers flexible payment options including BNPL and monthly payment plans.
The program will allow eligible customers to access biweekly and monthly payment plans through existing debit card products, with potential access to merchant-funded financing offers including 0% APRs from Affirm's network of over 335,000 merchants. Affirm will handle underwriting and servicing responsibilities, while banks can offer these services directly through their banking channels.
This partnership aims to help banks meet growing consumer demand for payment flexibility while increasing customer engagement and accelerating growth. The collaboration enables financial institutions to provide pay-over-time solutions to millions of U.S. debit card holders.
Coast Dental has announced a partnership with Affirm (NASDAQ: AFRM) to provide flexible payment options across its 100 locations in Florida, Georgia, and Texas. The collaboration enables approved patients to access biweekly and monthly payment plans for dental services, including exams, cleanings, veneers, and CoastClear Aligners.
Through a simple QR code scan and quick eligibility check, patients can choose customized payment plans with rates starting at 0% APR. Affirm's transparent financing solution comes with no late or hidden fees, and approvals are based on responsible lending practices.
This partnership comes amid Affirm's significant expansion in the healthcare sector, where it has achieved a 90% year-over-year growth in active healthcare providers. Affirm's network includes other notable healthcare providers such as GoodRx, RepeatMD, and Veterinary Emergency Group.
Affirm Holdings (NASDAQ: AFRM), a payment network focused on consumer empowerment and merchant growth, has announced its fiscal 2025 second quarter results for the period ending December 31, 2024. The company has made its detailed financial results and shareholder letter available through the SEC Form 8-K filing, which can be accessed in the 'Events and Presentations' section of Affirm's investor relations website.
The company will discuss these results during a conference call and webcast scheduled for 5:00pm ET, led by Founder and CEO Max Levchin, COO Michael Linford, and CFO Rob O'Hare. The webcast will be available live and as a replay on the company's investor relations website.
FICO and Affirm have released findings from a groundbreaking 12-month study analyzing the impact of including 'Buy Now, Pay Later' (BNPL) loans in FICO® Scores. The research, which examined over 500,000 consumers with Affirm BNPL loans, revealed that FICO's innovative treatment of BNPL data can lead to score improvements for some borrowers while enhancing model performance.
Key findings show that for over 85% of consumers, score impacts were within +/- 10 points. Notably, consumers with five or more Affirm BNPL loans experienced higher scores or no changes. FICO developed a proprietary approach that aggregates multiple BNPL loans when calculating certain variables, effectively capturing predictive signals while potentially increasing scores for some BNPL users.
Based on these results, FICO is developing a solution to implement its proprietary treatment of BNPL data in the credit-scoring marketplace.
Affirm Holdings (NASDAQ: AFRM) has announced its participation in two upcoming investor conferences. Libor Michalek (President) and Rob O'Hare (CFO) will attend the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 4, 2025. Michalek will participate in a fireside chat at 4:50pm PT.
Additionally, CFO Rob O'Hare will attend the Wolfe FinTech Forum in New York on March 11, 2025, where he will participate in a fireside chat (time to be announced). Both events will be webcast live on Affirm's investor relations website, with replays available for a time after each conference.
Affirm Holdings (NASDAQ: AFRM) and Liberty Mutual Investments (LMI) have expanded their forward flow loan purchase program through June 2027. Under the expanded agreement, LMI will purchase Affirm's installment loans up to $750 million outstanding, with expectations to invest up to $5 billion in the program over time.
The partnership, which began in 2019, strengthens Affirm's funding model, which includes warehouse facilities, forward flow agreements, and asset-backed securitizations. As of September 30, 2024, Affirm's total funding capacity reached $16.8 billion, growing over 50% in two years. The company serves more than 19 million active consumers and generated over $28 billion in gross merchandise volume for the twelve months ending September 30, 2024.
Affirm Holdings (NASDAQ: AFRM) has announced it will release its second quarter fiscal year 2025 shareholder letter and financial results on February 6, 2025, after market close. The company will host a conference call and webcast at 5:00pm ET the same day, featuring presentations from Founder and CEO Max Levchin, COO Michael Linford, and CFO Rob O'Hare. The results will be available on Affirm's investor relations website, with a replay accessible following the call.
WooCommerce has designated Affirm (AFRM) as a leading pay-over-time provider, expanding their decade-long partnership. The integration will make Affirm a default payment option for merchants using WooPayments across the U.S. and Canada. Merchants will soon be able to offer Affirm's customized pay-over-time plans, including the new Pay in 30 offering alongside existing biweekly and monthly installment options.
WooCommerce reported a 45% increase in merchants using Affirm this year, with higher average order values for merchants using Affirm compared to those who don't. The partnership aims to expand Affirm's reach particularly among small and midsized businesses, offering consumers flexible payment plans without late fees or compound interest.
Affirm (NASDAQ: AFRM) has expanded its partnership with Adyen, becoming the first Buy Now, Pay Later (BNPL) provider to support Adyen for Platforms. The expansion brings Affirm's monthly installments to Adyen merchants in Canada and extends BNPL services to platform businesses like peer-to-peer marketplaces and crowdfunding platforms.
The partnership, launched in November 2020, has seen average annual volume increase by more than seven times from 2021 to 2023. Affirm offers consumers flexible payment plans ranging from six weeks to 36 months with 0% APR options and no late or hidden fees. Notable success includes AffiniPay, which has processed over $125 million in payments through Affirm's Pay Later solution.
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