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.
Affirm Holdings (NASDAQ: AFRM) announced that CFO Michael Linford will participate in a fireside chat at the BofA Securities Virtual Electronic Payments Symposium on March 22, 2022, beginning at 5:15 PM ET. The event will be streamed live on Affirm’s investor relations website, where a replay will be available afterwards.
Affirm aims to provide transparent financial products, empowering consumers to manage spending responsibly. The company is known for its clear pricing structure, without late fees or hidden charges.
Affirm Holdings (NASDAQ: AFRM) invites shareholders to participate in a fireside chat on March 18, 2022, at 8:00 AM Pacific Time. CFO Michael Linford will discuss the company's strategy, products, and financial results, moderated by Ramsey El-Assal from Barclays. Shareholders can submit questions via Say Technologies’ Q&A platform until March 17, 2022, at 6:00 AM Pacific Time. The event will be streamed live on the company’s investor relations website.
Affirm Holdings (NASDAQ: AFRM) has announced that Max Levchin, Founder and CEO, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022, at 4:45 PM PT in San Francisco, CA.
This discussion will be webcast live on the Company's investor relations website, with a replay available afterward. Affirm focuses on delivering honest financial products, empowering consumers and merchants through transparency and trust.
Affirm Holdings (NASDAQ: AFRM) reported strong financial performance for Q2 2022 with gross merchandise volume (GMV) soaring 115% to $4.5 billion. The company increased active merchants from 8,000 to 168,000 and grew active consumers by 150%, totaling 11.2 million. Revenue climbed 77% year-over-year to $361 million, while adjusted operating loss reached $7.9 million. Affirm also provided an optimistic outlook for FY 2022, anticipating GMV of $14.58 to $14.78 billion and revenue between $1,290 and $1,310 million.
Affirm (NASDAQ: AFRM) has launched two new products: the Affirm SuperApp and a Chrome browser extension. The SuperApp combines shopping, payment, and financial services, allowing consumers to manage finances, earn cash back, and access tailored offers. The extension enables users to pay with Affirm at virtually any online retailer, enhancing convenience. During a beta test, users of the extension showed a 30% increase in purchases via Affirm. The SuperApp attracted over $300 million in total deposits, indicating strong consumer engagement.
Affirm Holdings (NASDAQ: AFRM) announced a conference call to discuss its second quarter fiscal year 2022 financial results on February 10, 2022, at 5:00 PM ET. The call will feature CEO Max Levchin and CFO Michael Linford, and will be webcast live from the company's investor relations website. A press release with the financial results will be published after market close on the same day. Affirm aims to provide transparent financial products that empower consumers and help businesses grow.
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Newegg Commerce, Inc. (NASDAQ: NEGG) has partnered with Affirm (NASDAQ: AFRM) to offer flexible pay-over-time options for customers shopping on Newegg.com. This new option allows purchases over $100 to be split into simple monthly payments without hidden fees. Affirm’s survey indicates that over half of Americans are interested in such payment solutions during the holiday season. Newegg's CEO Anthony Chow emphasized this collaboration enhances customer payment flexibility, aligning with current consumer demands.
Affirm Holdings, Inc. has announced the pricing of a private offering of $1.5 billion in 0% Convertible Senior Notes due 2026, increasing from a previously stated $1.25 billion. The offering includes an option for additional $225 million in Notes. The net proceeds are expected to be approximately $1.48 billion, intended for general corporate purposes and future growth. The Notes will be due on November 15, 2026, and the initial conversion price is set at $215.65 per share, reflecting a 55% conversion premium.
Affirm Holdings (Nasdaq: AFRM) announced a private offering of $1.25 billion in Convertible Senior Notes due 2026. The offering may increase by $187.5 million if initial purchasers exercise their options. Proceeds will support general corporate purposes and future growth initiatives like working capital and investments. The Notes will be senior, unsecured obligations, convertible under specific conditions. No registration under the Securities Act will occur, meaning the offering is limited to qualified institutional buyers.