How Vertical Integration Is Fueling Affirm's Profitability in BNPL

Key Takeaways AFRM is vertically integrating by handling underwriting, loan origination and collections in-house. AFRM is using in-house algorithms and funding to improve loan performance and net interest margin. AFRM's Q3 FY25 revenues rose 36% and adjusted operating margin improved by 860 basis points year over year.Affirm Holdings Inc (AFRM) , a key player in the Buy Now, Pay Later (BNPL) space, is focusing on vertical integration to boost its profitability in a competitive and capital-heavy industry. ...