Fintech’s relief rally is already losing steam. Shares of Affirm, PayPal, and other consumer-facing fintech firms turned lower Thursday, giving back gains from Wednesday’s sharp bounce. That surge followed President Donald Trump’s announcement of a 90-day pause on sweeping tariff hikes, which briefly eased concerns over rising costs and broader macro pressures.While duties on Chinese goods were simultaneously raised to 145%, markets viewed the broader delay as a potential softening in Washington’s more disr ...

Group 1: Partnership and Expansion - Affirm Holdings, Inc. (AFRM) and Shopify have partnered to launch Shop Pay Installments in international markets, addressing the demand for flexible payment solutions in online shopping [1] - The initial expansion will focus on Canada, with plans to extend into the U.K., Australia, and Western Europe, including France, Germany, and the Netherlands [2] Group 2: Product Benefits and Market Position - Shop Pay Installments will enable merchants in select countries to offer interest-free payment options at checkout, enhancing the shopping experience and reducing cart abandonment rates [3] - Affirm has a strong user base of 21 million active users and over 330,000 integrated merchant partners, positioning it well in the competitive Buy Now, Pay Later (BNPL) market [3][4] Group 3: Competitive Landscape - The BNPL market is becoming increasingly competitive, but Affirm's responsible lending history and strong presence in the U.S. provide a solid foundation for global expansion [4] - Klarna has paused its IPO plans, which alleviates some competitive pressure on Affirm, allowing it more room to maneuver in the BNPL space [5] Group 4: Stock Performance - Over the past year, AFRM shares have increased by 31.1%, significantly outperforming the industry growth of 7.8% [6]

The fintech sector is rallying Wednesday following the Trump administration's announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. The 90-day pause doesn't eliminate the threat of tariffs — it just delays it. Investors are still pricing in risk, including inflation, discretionary pullbacks, hardware import costs and credit exposure.Legacy payment networks like Visa and Mastercard, both up 6%, continue to benefit from inflation and their str ...

Affirm and Shopify have expanded their pay-later offering beyond U.S. borders.The companies announced Wednesday (April 9) that Shopify merchants in Canada who have signed up for early access can begin offering the Affirm-powered Shop Pay Installments program, marking its first availability outside the U.S. “We’re thrilled to launch Shop Pay Installments in early access to Canada as our first step beyond the U.S.,” Kaz Nejatian, Shopify’s chief operating officer, said in a news release. “Our partnership with ...

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Shares of Affirm Holdings, Inc. (AFRM) have plunged 38.3% in the year-to-date period, underperforming the S&P 500’s 14.1% drop and the industry’s 7.1% slide. Even major digital payments service provider PayPal Holdings, Inc. (PYPL) lost 31.4% during this time. Established financial giants in credit and debit card solutions like Visa Inc. (V) and Mastercard Incorporated (MA) have only declined modestly, falling 1.2% and 7.8%, respectively.Price Performance – AFRM, PYPL, V, MA Industry & S&P 500 Image Source: ...

Affirm Holdings (AFRM) shares ended the last trading session 5.1% higher at $37.57. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 31.2% loss over the past four weeks.After several days of decline triggered by newly announced tariffs impacting tech and consumer finance sectors, Affirm saw its stock rebound. This uptick stood out on a bearish day for the broader market, suggesting a renewed investor appetite for th ...

Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Affirm Holdings, Inc. regarding potential securities fraud or unlawful business practices by the company and its officers [1] - Klarna has replaced Affirm as the exclusive provider of Buy Now, Pay Later loans for Walmart, leading to a significant drop in Affirm's stock price [3] Group 1: Company Overview - Affirm Holdings, Inc. is a fintech company that specializes in Buy Now, Pay Later (BNPL) services [3] - The company's stock price fell by $6.38 per share, or 12.74%, closing at $43.70 per share following the announcement of Klarna's partnership with Walmart [3] Group 2: Legal Investigation - Pomerantz LLP, a firm known for its work in corporate and securities class litigation, is leading the investigation into Affirm [1][4] - The investigation aims to determine if there have been any fraudulent activities or breaches of fiduciary duty by Affirm and its leadership [1]

Group 1 - Affirm Holdings, Inc. (NASDAQ: AFRM) is expected to experience rapid growth due to the significant expansion of the buy now, pay later market over the next decade [1] - The buy now, pay later market is projected to grow considerably, indicating a favorable environment for companies like Affirm [1] Group 2 - The article emphasizes the importance of innovation and disruption in the financial sector, particularly for growth buyouts and value stocks [2] - There is a focus on high-tech and early growth companies, highlighting the potential investment opportunities within these sectors [2]

Core Viewpoint - The announcement of widespread tariffs by President Trump has significantly impacted fintech companies and credit card issuers, leading to a substantial decline in their stock values due to their close ties to consumer spending and credit [1][4]. Group 1: Market Impact - Affirm's stock fell by 19%, Robinhood decreased by 10%, and PayPal dropped by 8% following the tariff announcement [2]. - American Express and Capital One each saw a decline of 10%, while Discover fell by more than 8% [2]. - The overall market experienced a loss of nearly $2 trillion in value from the S&P 500, with the Nasdaq dropping 6%, marking its worst day since the onset of the Covid pandemic in 2020 [4]. Group 2: Company Exposure and Risk - Companies like PayPal and Affirm are considered to have more cyclical risk and higher exposure to tariffs, while larger firms in the fintech space are viewed as more defensive [5]. - Visa, Mastercard, and Fiserv demonstrated better resilience during the market downturn, with Fiserv being described as a "safe haven" due to its lower exposure to tariff volatility [5]. Group 3: Consumer Behavior and Credit Performance - Affirm's executives have indicated that rising prices due to tariffs could lead to increased demand for their buy now, pay later services, suggesting a potential shift in consumer behavior [6]. - However, concerns about delinquencies have been raised, with comparisons made to private label store cards, indicating that delinquency rates tend to double during recessions compared to traditional credit cards [7].