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) is a Nevada-incorporated consumer lending and payment network company that focuses on pay-over-time options at checkout. This news page aggregates company announcements, partner releases, and regulatory communications so readers can follow how Affirm’s business and financial services evolve over time.
Recent news highlights Affirm’s focus on real-time underwriting and responsible credit decisions. The company has announced updates to its underwriting models that incorporate richer real-time signals, such as account balances and cash flow trends for consumers who link a bank account or maintain an Affirm Money Account. These updates are described as giving Affirm a more current view of a consumer’s finances at checkout and supporting more informed credit decisions.
Affirm also regularly issues news about partnerships and integrations. Releases have detailed expanded relationships with merchants such as Wayfair and Pacsun, where eligible shoppers can select Affirm at checkout for biweekly or monthly installment payments with no late or hidden fees. Other announcements describe integrations with payment and software platforms, including an expanded partnership with Worldpay for Platforms and the use of "Pay Later with Affirm" within Clio’s legal technology platform.
Investors can find coverage of earnings-related events and capital arrangements in this news feed as well. Affirm reports its quarterly financial results and hosts conference calls and webcasts, and it has announced an expanded long-term capital partnership with New York Life to purchase Affirm’s installment loans on a forward-flow basis. The company also shares information about investor conferences and shareholder-focused events, such as fireside chats with its leadership team.
By reviewing this page, readers can track Affirm’s latest product updates, underwriting developments, merchant and platform partnerships, capital relationships, and investor communications in one place.
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.
Affirm Holdings, Inc. (NASDAQ: AFRM) reported its financial results for the third fiscal quarter of 2024, ending on March 31, 2024. The company empowers consumers through its payment network and helps merchants drive growth.
Affirm Holdings, a payment network enabling consumers and merchants, is set to attend several upcoming investor conferences. Executives from the company will participate in fireside chats at the Barclays Annual Emerging Payments and FinTech Forum, J.P. Morgan Global Technology, Media and Communications Conference, and Bank of America Global Technology Conference. The webcasts will be live on the investor relations website.
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