Affirm Holdings Inc. (AFRM), a leading US-based buy now, pay later (BNPL) provider, has officially launched its services in the UK. This marks the company’s first international expansion, placing it directly in competition with existing UK BNPL giants like Klarna and PayPal. CEO Max Levchin explained the strategic decision, highlighting the strong demand from British merchants and the English-speaking environment.
PayPal Holdings Inc. (PYPL) reported a solid third quarter with earnings exceeding expectations, but revenue growth slowed, causing the stock to dip in premarket trading. The company also provided an outlook for the fourth quarter, indicating a continued focus on expanding its Buy Now, Pay Later (BNPL) offering and strong consumer sentiment.
Morgan Stanley has upgraded Affirm Holdings Inc. (AFRM) to Equal-Weight from Underweight, citing the company’s strategic shift to attract higher-income users. The investment firm believes Affirm’s partnership with Apple Pay, along with efforts to boost sales with manufacturers and merchants, will drive growth and improve its standing among affluent consumers.
Affirm Holdings Inc. (AFRM), a leading buy-now-pay-later (BNPL) fintech company, is poised to benefit from the Federal Reserve’s interest rate cuts. Lower borrowing costs will reduce Affirm’s cost of capital, improve profit margins, and enable more competitive interest rates for consumers. This, combined with the company’s strong growth and strategic partnerships, sets the stage for a potential breakout in Affirm’s stock price.
Despite high interest rates, consumer spending is expected to reach record highs this holiday season, driven by the Federal Reserve’s recent rate cut and anticipated discounts. Online shopping is forecast to be particularly strong, with electronics, apparel, and furniture leading the way. Retailers with a robust online presence, including Best Buy, Amazon, Walmart, and Costco, are poised to benefit. Buy Now, Pay Later (BNPL) services are also expected to see a surge in usage.
UATP, a global payment network for businesses, has partnered with Klarna, an AI-driven payments network, to offer flexible payment solutions to airlines. This partnership will allow airlines to offer Klarna’s Buy Now, Pay Later (BNPL) options, providing travelers with more payment flexibility. Klarna gains access to UATP’s network of airlines and travel agencies, while UATP strengthens its BNPL offerings.
Affirm Holdings, the buy now, pay later (BNPL) company, saw its stock rise after reporting strong fourth-quarter results and a bullish outlook. CEO Max Levchin claimed to have outperformed rivals like Klarna, citing favorable consumer trends. The company expects profitability by 2025 and analysts are optimistic about its growth potential.
Affirm Holdings Inc. (AFRM) is set to release its fourth-quarter earnings report on Wednesday, providing valuable insights into consumer financial health and the growth of the buy now, pay later (BNPL) sector. Analysts anticipate strong revenue and earnings, but potential concerns exist regarding fiscal 2025 guidance. Key items to watch include Affirm’s partnerships with major retailers, gross merchandise volume, and average ticket size, as investors seek to understand the impact of inflation and consumer spending patterns on BNPL adoption.
