Affirm Holdings, Inc. Stock Price, News & Analysis

Affirm (NASDAQ: AFRM) has expanded its partnership with Tekmetric, a leading automotive repair shop management solution. This collaboration enables thousands of auto repair shops using Tekmetric's platform to offer Affirm's flexible payment options to their customers. Approved customers can split their auto repair costs into monthly or biweekly payments, with APR as low as 0% and no hidden or late fees.

The integration, powered by Stripe Connect, allows auto repair shops to easily add Affirm as a payment option. This partnership aims to improve customer satisfaction, drive higher repair order values, and increase customer loyalty. Affirm's network now includes 292,000 retail partners, and offering their service at checkout can help businesses boost sales, increase average order value, and attract new customers.

Affirm Holdings, Inc. (NASDAQ: AFRM), a payment network that empowers consumers and helps merchants drive growth, has announced it will release its fourth quarter and fiscal year 2024 financial results on August 28, 2024, after market close. The company will publish a shareholder letter including the financial results on its investor relations website. Following the release, Affirm will host a conference call and webcast at 5:00pm ET on the same day. The call will be led by Max Levchin, Founder and CEO, and Michael Linford, CFO. A replay of the call will be available on the investor relations website afterward.

A new survey by Affirm (NASDAQ: AFRM) reveals that 60% of Americans believe the U.S. is in a recession, despite no official declaration. The main reasons cited are inflation and rising living costs (68%), followed by complaints from friends and family about money (50%). On average, respondents think the recession started in March 2023 and will last until July 2025.

The economic uncertainty is affecting financial planning, with 68% of Americans saying inflation is negatively impacting their ability to save and make purchases. In response, 89% prioritize predictable monthly budgets, and 63% prefer upfront cost transparency. 54% have used or would consider using 'buy now, pay later' options, with 45% believing these help with budgeting. Additionally, 48% say 0% APR pay-over-time offers influence their purchasing decisions.

Affirm (NASDAQ: AFRM) has partnered with RONA, a leading Canadian home improvement retailer, to offer flexible payment options for online purchases. Eligible consumers can now use Affirm at checkout on rona.ca to split their purchases into biweekly or monthly payments for up to 12 months, without any hidden or late fees. RONA, which serves 425 stores, aims to provide the same payment flexibility online as it does in-store. This collaboration with Affirm, which has a network of 292,000 retailers, including major brands like Amazon and Apple, helps consumers manage home improvement costs transparently and conveniently.

Affirm (NASDAQ: AFRM) has partnered with Brittain Resorts & Hotels to offer a pay-over-time booking option for accommodations at over 15 hotels and resorts. Guests can split the cost of bookings over $150 into monthly payments up to 18 months, with no hidden or late fees. For example, a $1,000 booking could cost $64.76 per month at 20% APR. Brittain Resorts & Hotels VP of Sales, Brian Miller, noted an increase in overall spend per guest using Affirm. Affirm saw a 35% YoY growth in travel and ticketing for the quarter ending March 31. Affirm collaborates with 292,000 retail partners, including major brands like Amazon and Royal Caribbean.

Affirm (NASDAQ: AFRM), a payment network, has introduced two new payment options: Pay in 2 and Pay in 30. These options provide consumers with more flexibility and choice, allowing them to split the cost of their purchase into two interest-free payments per month or pay in full interest-free within 30 days.

Roughly 80% of e-commerce transactions in the United States are for purchases under $150. The new payment options aim to cater to these transactions, enhancing consumer affordability and flexibility.

Affirm has already seen an increase in cart conversion rates due to these new options. The company plans to expand Pay in 2 and Pay in 30 to its integrated merchant partners in the coming months.

Affirm continues to emphasize transparency, with no hidden fees or deferred interest charges.

Affirm (NASDAQ: AFRM) announced an expanded partnership with Alterra Mountain Company, enabling more payment flexibility for consumers across the U.S. and Canada. This collaboration extends Affirm's services to all Alterra destinations, including the Ikon Pass and other local offerings like lodging and lessons. Approved consumers can split their purchases into monthly payments, with options as low as 0% APR and no hidden fees. This strategic move aims to enhance the purchase experience and drive sales, average order value, and repurchase rates.

Affirm Holdings (NASDAQ: AFRM) announced that CFO Michael Linford will participate in a shareholder fireside chat on June 14, 2024. The discussion, moderated by Ramsey El-Assal from Barclays, will start at 12:00 PM Eastern Time and will be webcast live on the company's investor relations website. Management will address top questions from retail and institutional shareholders concerning Affirm's strategy, products, business model, and financial results. Shareholders can submit and upvote questions via Say Technologies' Q&A platform from June 4 at 8:00 AM to June 13 at 5:00 PM Eastern Time.

FlightHub, a leading Canadian online travel agency, has announced a partnership with Affirm (NASDAQ: AFRM) to offer flexible payment options to Canadian consumers. This collaboration allows eligible users to pay for flights over time, making travel more accessible amid rising inflation. Consumers can split the cost of purchases of $200 CAD or more into monthly payments without hidden fees or late charges. This initiative aims to make travel more budget-friendly, especially as demand increases with the arrival of summer. FlightHub's partnership with Affirm has been successful in the U.S. and is now expanding to Canada.