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), founded in 2012, is a leader in the Buy Now, Pay Later (BNPL) sector in the United States. The company offers innovative financial technology services that allow consumers to make purchases both online and in-store with flexible payment plans. Affirm's platform is designed for digital and mobile-first commerce, providing a transparent and user-friendly point-of-sale payment solution. It also offers a consumer-focused app and merchant commerce solutions. Affirm is partnered with nearly 235,000 merchants and serves approximately 14 million customers, primarily generating revenue through merchant networks and virtual card networks.
Affirm stands out by showing customers the total cost of their purchase upfront, without any hidden fees or late charges. This commitment to transparency and trust has helped it expand its services to prominent partners like Walmart, where eligible consumers can pay over time at over 4,500 stores, including Walmart Vision and Auto Centers.
Recently, Affirm has announced a partnership with Evolve, a leading vacation rental hospitality company, allowing travelers to book vacation rentals and pay over time with simple monthly payments. This aligns with Affirm’s mission to offer honest financial products that improve lives by enabling consumers to spend and save responsibly.
Affirm has also expanded its services to Canada through a partnership with FlightHub, allowing Canadian travelers to pay over time for their trips. Further, the company introduced new payment options, Pay in 2 and Pay in 30, to offer greater flexibility to consumers completing smaller transactions under $150.
Affirm's mission is to build a new kind of payment network based on trust, transparency, and putting people first. The company is dedicated to empowering consumers and providing merchants with the tools to drive growth. Affirm's commitment to honesty and customer satisfaction continues to set it apart in the financial technology sector.
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.
FAQ
What is the current stock price of Affirm Holdings (AFRM)?
What is the market cap of Affirm Holdings (AFRM)?
What is Affirm Holdings, Inc.?
How does Affirm’s payment solution work?
Who are Affirm's main partners?
How does Affirm generate revenue?
What is unique about Affirm’s services?
Can Affirm's services be used in Canada?
What new payment options has Affirm introduced?
What demographic does Affirm primarily serve?
How does Affirm contribute to merchant growth?
Where can I find Affirm’s latest financial results?
