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.
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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.
Affirm (NASDAQ: AFRM) has partnered with VersaClimber, enabling consumers to finance their fitness equipment through monthly payments starting at 0% APR. Eligible customers can purchase VersaClimber machines and split costs over time, ensuring transparency with no hidden fees. The partnership aims to make fitness more accessible, with Affirm's services already benefiting over 240,000 retail partners, including major brands like Walmart and Peloton. This collaboration is expected to drive sales, increase average order values, and enhance customer retention for both Affirm and VersaClimber.
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