Affirm Holdings, Inc. Stock Price, News & Analysis

SeatGeek has partnered with Affirm to enhance payment flexibility for fans attending live events. This collaboration allows consumers to choose from various payment options, aiming to make live experiences more accessible. Affirm's payment solutions are designed to be transparent, with no late or hidden fees, catering to today's budget-conscious consumers. With this partnership, SeatGeek joins over 200,000 merchants and nearly 13 million active users on Affirm's platform, reflecting a commitment to improving the live entertainment experience.

Affirm Holdings (NASDAQ: AFRM) invites investors to participate in a shareholder fireside chat featuring CFO Michael Linford on June 14, 2022, at 11:00 AM PT. The event will be moderated by Robert Wildhack from Autonomous Research and will cover Affirm’s strategy, products, and financial results. Shareholders can submit questions via Say Technologies until June 13, 2022, at 6:00 AM PT. A replay will be available after the event.

Affirm announced a strategic partnership with Stripe, enabling millions of businesses to incorporate Affirm’s Adaptive Checkout™ into their payment systems. This feature allows users to offer flexible payment options, such as bi-weekly and monthly installments, enhancing customer experience.

Eligible customers can finance purchases between $50 and $30,000, with a maximum credit limit of $17,500. Reports indicate that businesses using Affirm have experienced up to 85% increases in average order values.

Affirm has expanded its partnership with WooCommerce to allow its 3.7 million merchants to offer consumers flexible payment options. Through this integration, U.S. and Canadian merchants can provide installment payment plans via Affirm and its subsidiary, PayBright. Customers can choose to split purchases into four interest-free payments or opt for monthly payments with rates starting at 0% APR. Affirm aims to enhance conversion rates, average order values, and customer loyalty while maintaining transparency in payment costs.

Affirm has extended its partnership with Shopify, solidifying its role as the exclusive pay-over-time provider for Shop Pay Installments in the U.S. This multi-year agreement enhances offerings to over 100,000 Shopify merchants, enabling them to provide Affirm's Adaptive Checkout™, which allows customers to choose between biweekly and monthly payment options. This new feature supports cart sizes ranging from $50 to $17,500 and offers flexible payment terms up to 12 months, targeting higher average cart sizes and reducing cart abandonment.

Affirm Holdings (AFRM) reported strong Q3 FY2022 results, exceeding financial projections. Active merchants surged from 12,000 to 207,000, and active consumers grew by 137% YoY to 12.7 million. Gross Merchandise Volume (GMV) rose 73% to $3.9 billion, with total revenue climbing 54% to $354.8 million. Despite an operating loss of $226.6 million, the company aims for sustained adjusted operating income profitability by July 2023. Affirm also announced partnerships with Shopify and Stripe to enhance payment solutions and recently completed a $500 million asset-backed securitization.

Affirm Holdings (NASDAQ: AFRM) will participate in three upcoming investor conferences. On May 17, 2022, CFO Michael Linford will join a fireside chat at the Barclays Virtual Emerging Payments and FinTech Forum at 3:20 PM ET. CEO Max Levchin will speak on May 25, 2022, at the JP Morgan 50th Annual Global TMC Conference in Boston at 8:40 AM ET. Lastly, Linford will attend the BofA Global Technology Conference in San Francisco on June 9, 2022, at 11:00 AM PT. Live webcasts of these discussions will be available on the company’s investor relations website.

Affirm has partnered with Fiserv, a global leader in payments technology, to integrate Affirm's services into Fiserv's Carat℠ operating system. This collaboration allows Fiserv's enterprise merchant clients to offer Affirm's Adaptive Checkout™, enabling consumers to select biweekly or monthly payment options at checkout. This move aims to address the increasing demand for buy now, pay later options. Notably, merchants using Affirm have reported up to an 85% increase in average order values. The rollout is set for later this year.

Fiserv has partnered with Affirm, integrating the Buy Now Pay Later (BNPL) option into its Carat system. This collaboration simplifies the adoption of BNPL for businesses of various sizes, allowing them to choose from multiple payment options effectively. Currently, Fiserv offers BNPL through Bread, Synchrony, and Zip, and the Affirm integration will enhance customer payment flexibility. Approximately half of U.S. consumers prefer merchants that provide pay-over-time options, making this integration a strategic move for attracting and retaining customers.