SAN FRANCISCO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced an exclusive partnership with Evolve, a leading vacation rental hospitality company with more than 30,000 properties in 750 markets. Now, eligible travelers can book vacation rentals and pay over time with confidence in simple monthly payments. By selecting Affirm at checkout, approved Evolve customers can split the total cost of any booking over $500 into mon ...

In some form or another, money has flowed through society since its earliest days. But over time, technology has changed how. And it's still changing today. The world is more digital than it's ever been. Simply paying cash or punching in payment card information is no longer flexible enough for some of today's innovative new technologies.This Fool has his eyes set on three fintech stocks that have the potential to make the world better and make you money. These three stocks could outperform the market throu ...

The start of a new year is the time to take a look at your portfolio and make the necessary changes. While it may not be possible for you to sell stocks unless you are making a profit on them, it can certainly be possible for you to keep a watch on the best stocks of 2024 that have the potential to make big gains this year.If you are considering rebalancing the portfolio, now is the perfect time to grab these seven stocks and take home big gains at the end of the year. While it is hard to predict how the ma ...

Key Points The U.S. IPO market kicks off on January 11 with Smith Douglas Homes, which expects a valuation of $1.08 billion. Companies that may go public this year include Reddit, Databricks, Stripe, Turo, Shein and Klarna. Lower interest rates in 2024 could drive an increase in new IPOs. 5 stocks we like better than Apogee Therapeutics What's ahead for 2024 initial public offerings? Among 2023 IPOs, one of the top performers was RayzeBio Inc. NASDAQ: RYZB, a biotech that's out of play now because it's bein ...

Wall Street analysts seem to like buy-now-pay-later services company Affirm Holdings Inc., but most of them expect the stock to pull back — a lot — in 2024 after rocketing more than five-fold this year.The financial technology company has benefited immensely during the holiday months, as a growing number of consumers, who have grown weary of inflation and rising borrowing costs, have embraced the delayed-payment options provided by BNPL providers.Affirm’s stock AFRM, -1.70% has rocketed 420.7% year to date ...

In this articleAFRMDrew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value.Affirm investors are wrapping up 2023 in a much different mood.The stock skyrocketed 430% in 2023, as of Wednesday's close, outperforming all other U.S. tech companies valued at $5 billion or more. The next-best perf ...

Key PointsAffirm is a buy-now-pay-later (BNPL) platform that has seen its stock surge 439% year-to-date (YTD) on holiday shopping optimism and a short squeeze.Affirm shares are still down 76% from all-time highs of $176.65.Investors might consider taking profits as the "market has gotten ahead of itself," according to a Morgan Stanley downgrade.5 stocks we like better than AffirmBuy-now-pay-later (BNPL) platform provider Affirm Holdings Inc. NASDAQ: AFRM stock is up 439% year-to-date (YTD). If you’re wonder ...

Key PointsAs the market nears highs, heavily shorted stocks have surged.Short squeezes have been driven by optimism and increased risk appetite.Is the upward momentum fading for AFRM, CVNA, and UPST, possibly leaving them overbought due to the squeeze losing steam?5 stocks we like better than UpstartAs the overall market edges closer to its all-time high, with the SPDR S&P 500 ETF Trust NYSE: SPY trading at its 52-week high, highly shorted, previously beaten-down stocks have been a significant theme and are ...

Headed into the last week of the year — a shortened week due to the holidays — the FinTech IPO Index gained 8%.BNPL Bounce Continues Affirm shares gathered 6.9%, with a continued bounce on positive sentiment and partnerships surrounding buy now, pay later.As PYMNTS reported this week, Affirm has expanded its long-standing partnership with Walmart. Through that expansion, Affirm pay-over-time options will be added to self-checkout kiosks at more than 4,500 Walmart stores in the U.S. In addition to Walmart’s ...

Summary of Affirm Holdings, Inc. CFO Fireside Chat (December 11, 2023) Company Overview - **Company**: Affirm Holdings, Inc. (NASDAQ: AFRM) - **Participants**: Michael Linford (CFO), Robert O'Hare (SVP, Finance), Zane Keller (Director, IR) Key Industry Insights - **Industry**: Buy Now Pay Later (BNPL) sector - **Market Trends**: No unique trends reported for the holiday season; performance aligns with merchant partnerships and categories such as general merchandise, fashion, and beauty [4][5] - **Product Demand**: Interest-bearing products remain the largest category, driven by partnerships with merchants [7][9] Financial Performance and Projections - **GMV Target**: Affirm aims for $50 billion in GMV over the medium term, with a short-term goal of at least $24.5 billion for the current fiscal year ending June 2024 [18][23] - **Seasonality Impact**: Revenue per GMV is expected to compress in Q2 due to the timing of interest income recognition and transaction costs [12][13] - **Profitability Metrics**: Targeting adjusted operating margins of 5% to 15% during revenue growth above 20% [29][30] Growth Strategies - **Key Growth Drivers**: - Scaling the Affirm Card - Winning at checkout with existing and new merchants - Expanding geographic footprint, particularly in the U.K. [20][21] - **B2B Lending**: Initiatives with Amazon and Best Buy to tap into the underserved B2B market [20][21] Product Development and Market Positioning - **Affirm Card**: Expected to contribute growth in fiscal 2024; focus on increasing active cards and GMV from card transactions [20][33] - **Checkout Optimization**: Enhancements in product offerings to increase share of checkout, particularly through partnerships like Shopify [36][38] - **Consumer Engagement**: Exploring rewards programs for the Affirm Card to drive user engagement [58][61] Credit and Risk Management - **Underwriting Approach**: Focus on responsible credit extension; no loosening of underwriting standards for short-term growth [52] - **Credit Performance**: Normalized credit loss rates; emphasis on nimble credit adjustments based on real-time repayment data [54][56] Competitive Landscape - **Market Position**: Affirm differentiates itself through strong partnerships and a focus on fair financial products, which has allowed it to grow despite increasing competition [74][78] Future Outlook - **Long-term Vision**: Commitment to expanding market presence in the U.S., Canada, and the U.K., with a focus on achieving the $50 billion GMV milestone [80][81] - **Profitability Focus**: Prioritizing sustainable growth and profitability over immediate dividend payments [72][73] Additional Considerations - **Macro Environment**: Affirm's strategy is less dependent on macroeconomic forecasts, focusing instead on internal data and consumer repayment trends [68][69] - **Physical Retail Engagement**: Affirm is already operational in Walmart's brick-and-mortar locations, enhancing its presence in physical retail [63] This summary encapsulates the key points discussed during the conference call, highlighting Affirm's strategic direction, financial targets, and market positioning within the BNPL industry.