Affirm CEO Max Levchin on the company's record retailer growth

Core Viewpoint - The company, known for its buy now pay later services, reported a 30% increase in sales and is investing in AI tools for merchants, despite a decline in stock prices [1]. Sales Performance - The company successfully executed a 0% interest event that attracted millions of consumers, resulting in a 27% sales increase for participating merchants over three days [3][4]. - The company reported a record growth in active merchants, with a 42% year-over-year increase [5]. Partnerships and Market Position - A significant partnership with Intuit is set to launch, expanding the company's reach to a new class of retailers [6]. - The company maintains a strong presence across various e-commerce platforms, including Shopify, and continues to attract large retailers [6]. Technology and Competitive Edge - The company emphasizes its expertise in underwriting, supported by 15 years of proprietary data, which it believes is difficult for competitors to replicate [9][10]. - The company actively utilizes AI tools for credit analysis and has a dedicated team working on proprietary AI solutions [11]. Regulatory Environment - The company is focused on promoting transparency in lending practices, advocating for simple interest and upfront pricing, which aligns with current regulatory discussions [12][14]. - The company believes that transparency in loan terms can significantly improve borrower understanding and affordability [14].