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) will release its third quarter fiscal year 2023 shareholder letter on May 9, 2023, after market close. Financial results will be included on its investor relations website. A conference call is scheduled for 5:00 PM ET the same day, hosted by Founder and CEO Max Levchin and CFO Michael Linford. This event allows investors to gain insights directly from the leadership team regarding the company's financial performance and strategic outlook.
Affirm's mission focuses on providing transparent financial products that enhance consumer experiences while supporting merchant growth. The company aims to redefine payment networks by prioritizing trust, upfront pricing, and eliminating hidden fees.
Affirm (NASDAQ: AFRM) expands its partnership with Stripe to introduce Affirm’s Adaptive Checkout™ to Canadian users. This offering allows merchants to implement pay-over-time options seamlessly. Notably, businesses using Affirm report a 41% increase in average order value compared to previous payment methods. Affirm’s Adaptive Checkout provides flexible payment plans, ranging from six weeks to 36 months, without late fees or hidden charges. The launch aims to enhance the checkout experience and cater to evolving consumer preferences in Canada, where Affirm joins over 240,000 merchants. The initiative is expected to drive sales, boost average order values, and increase repeated purchases.
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