Stride Bank Announces Program Partnership with Affirm
Stride Bank has announced a new partnership with Affirm Holdings (NASDAQ: AFRM) to become a card issuing partner for the Affirm Card. The collaboration will support Affirm's debit card program, which allows consumers to pay in full or request to pay over time for eligible purchases through the Affirm app.
The Affirm Card, which boasts 1.7 million active cardholders as of December 31, 2024, operates within Affirm's network of 21 million active consumers and over 330,000 integrated merchants. The card works wherever Visa is accepted and features no hidden fees, no revolving credit, and fixed interest rates that don't compound into principal.
Stride Bank ha annunciato una nuova partnership con Affirm Holdings (NASDAQ: AFRM) per diventare un partner emittente di carte per la Affirm Card. Questa collaborazione sosterrà il programma di carte di debito di Affirm, che consente ai consumatori di pagare in un'unica soluzione o richiedere di pagare nel tempo per acquisti idonei tramite l'app di Affirm.
La Affirm Card, che conta 1,7 milioni di titolari di carte attivi al 31 dicembre 2024, opera all'interno della rete di Affirm di 21 milioni di consumatori attivi e oltre 330.000 commercianti integrati. La carta funziona ovunque venga accettato Visa e non presenta commissioni nascoste, né credito revolving, con tassi di interesse fissi che non si accumulano sul capitale.
Stride Bank ha anunciado una nueva asociación con Affirm Holdings (NASDAQ: AFRM) para convertirse en un socio emisor de tarjetas para la Affirm Card. Esta colaboración apoyará el programa de tarjetas de débito de Affirm, que permite a los consumidores pagar en su totalidad o solicitar pagar a plazos por compras elegibles a través de la aplicación de Affirm.
La Affirm Card, que cuenta con 1.7 millones de titulares de tarjetas activos a partir del 31 de diciembre de 2024, opera dentro de la red de Affirm de 21 millones de consumidores activos y más de 330,000 comerciantes integrados. La tarjeta funciona donde se acepta Visa y no tiene tarifas ocultas, ni crédito rotativo, y tasas de interés fijas que no se acumulan al capital.
스트라이드 뱅크는 어프림 홀딩스 (NASDAQ: AFRM)와의 새로운 파트너십을 발표하여 어프림 카드의 카드 발급 파트너가 되었습니다. 이 협력은 소비자들이 어프림 앱을 통해 적격 구매에 대해 전액 결제하거나 분할 결제를 요청할 수 있는 어프림의 직불 카드 프로그램을 지원합니다.
어프림 카드는 2024년 12월 31일 기준으로 170만 명의 활성 카드 소지자를 보유하고 있으며, 2100만 명의 활성 소비자와 33만 개 이상의 통합 상인이 있는 어프림의 네트워크 내에서 운영됩니다. 이 카드는 비자가 수용되는 모든 곳에서 사용 가능하며, 숨겨진 수수료가 없고, 회전 신용이 없으며, 원금에 누적되지 않는 고정 이자율을 특징으로 합니다.
Stride Bank a annoncé un nouveau partenariat avec Affirm Holdings (NASDAQ: AFRM) pour devenir un partenaire émetteur de cartes pour la Affirm Card. Cette collaboration soutiendra le programme de cartes de débit d'Affirm, qui permet aux consommateurs de payer en totalité ou de demander à payer en plusieurs fois pour des achats éligibles via l'application Affirm.
La Affirm Card, qui compte 1,7 million de titulaires de cartes actifs au 31 décembre 2024, fonctionne au sein du réseau d'Affirm de 21 millions de consommateurs actifs et de plus de 330 000 commerçants intégrés. La carte fonctionne partout où Visa est accepté et ne comporte aucun frais caché, aucun crédit renouvelable, et des taux d'intérêt fixes qui ne s'accumulent pas sur le principal.
Stride Bank hat eine neue Partnerschaft mit Affirm Holdings (NASDAQ: AFRM) angekündigt, um ein Kartenemittent für die Affirm Card zu werden. Diese Zusammenarbeit wird das Debitkartenprogramm von Affirm unterstützen, das es Verbrauchern ermöglicht, entweder den gesamten Betrag zu zahlen oder zu beantragen, über einen bestimmten Zeitraum für berechtigte Käufe über die Affirm-App zu zahlen.
Die Affirm Card, die zum 31. Dezember 2024 1,7 Millionen aktive Karteninhaber zählt, funktioniert innerhalb des Netzwerks von Affirm mit 21 Millionen aktiven Verbrauchern und über 330.000 integrierten Händlern. Die Karte funktioniert überall, wo Visa akzeptiert wird, und hat keine versteckten Gebühren, keinen revolvierenden Kredit und feste Zinssätze, die sich nicht auf das Kapital auswirken.
- Partnership with Stride Bank expands card issuing capacity
- Large user base with 1.7 million active cardholders
- Extensive network of 21 million consumers and 330,000 merchants
- No revolving credit risk due to fixed interest structure
- None.
Insights
This new issuing partnership between Affirm and Stride Bank represents a strategic infrastructure enhancement that supports Affirm's scaling capabilities for their card program. With the Affirm Card already at 1.7 million active cardholders, this move indicates strong product traction requiring additional issuing capacity.
Adding Stride Bank as another card issuer delivers three key benefits: capacity expansion to support growth, risk diversification by reducing dependency on a single banking partner, and potentially improved operational leverage. For fintech companies, bank partnerships provide the essential regulatory framework and financial infrastructure needed to operate at scale.
This multi-bank strategy is particularly important for Affirm's unique product offering. The Affirm Card combines debit functionality with the ability to convert eligible purchases into installment loans while maintaining their consumer-friendly promise of no revolving debt, no hidden fees, and no compounding interest. These features require specialized issuing capabilities that not every bank can readily support.
Stride Bank's experience with innovative payment solutions makes them well-positioned to support Affirm's continued expansion across their network of 21 million active consumers and 330,000+ integrated merchants. While financial terms aren't disclosed, this partnership strengthens Affirm's operational foundation for continued growth in their card business.
“We are thrilled to collaborate with Affirm and become a new card issuer for the Affirm Card,” said Jimmy Stallings, President of Stride Bank’s Payments Group. “This relationship aligns perfectly with our desire to provide innovative and accessible financial solutions. We look forward to working with Affirm to support their efforts to provide products that are loved by millions of consumers.”
This collaboration marks a significant milestone for Stride Bank as it continues to expand its payments programs with leading financial technology companies. By serving as a card issuer on the Affirm Card, Stride Bank will help support the growing demand for Affirm’s flexible and transparent payment options.
“We are pleased to welcome Stride Bank as another card issuing partner bank on the Affirm Card as we continue to extend our reach to more consumers and merchants,” said Vishal Kapoor, Affirm's SVP of Product. “Consumers love the Affirm Card because it works virtually everywhere, in-store or online, and anywhere Visa is accepted. Adding Stride Bank as a card issuing partner will help enable us to continue scaling Affirm Card while further strengthening and diversifying our platform so that we can improve millions more lives.”
With 1.7 million active cardholders as of December 31, 2024, the Affirm Card empowers consumers to take greater control over their finances, providing the simplicity of debit combined with the ability to apply and convert eligible purchases into pay-over-time loans in the Affirm app. These cardholders benefit from being part of Affirm’s powerful network, which includes 21 million active consumers and more than 330,000 integrated merchants.
The Affirm Card will continue to offer consumers the ability to pay in full or apply to split eligible purchases into manageable payments, with no hidden fees or gotchas. With the Affirm Card, there is no ability to revolve. Any interest is fixed with no ability to compound into principal.
About Stride Bank
Founded in 1913, Stride Bank, N.A. has built a steadfast legacy of trust and stability, with over a century dedicated to community banking excellence. In addition to offering a full suite of traditional financial products and services, Stride is also a leading card issuer, recognized for supporting some of the nation’s largest and most innovative programs. Member FDIC. Equal Housing Lender. Discover more at www.stridebank.com.
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network – one based on trust, transparency and putting people first – we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X.
Payment options through Affirm are subject to eligibility, and are provided by these lending partners: affirm.com/lenders. CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to California Finance Law license 60DBO-111681. The Affirm Card™ is a Visa® debit card issued by Evolve Bank & Trust or Stride Bank, N.A., Members FDIC, pursuant to licenses from Visa
View source version on businesswire.com: https://www.businesswire.com/news/home/20250401258701/en/
Stride Bank:
Marketing@stridebank.com
Affirm:
Investor Relations
ir@affirm.com
Media
press@affirm.com
Source: Stride Bank
FAQ
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