|Bid||93.10 x 2200|
|Ask||93.30 x 1100|
|Day's Range||91.03 - 97.82|
|52 Week Range||90.00 - 146.90|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 11, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Affirm Holdings Inc (NASDAQ: AFRM) announced plans for the Affirm Card, which marks the debut of a U.S. debit card with direct pay-over-time functionality. The Affirm Card will enable upfront payment from a bank account or post-pay option using a unique post-purchase feature. Consumers will be able to convert any eligible transaction into pay-over-time promptly. It also does not involve late fees or hidden charges. "We know consumers are looking for financial control and flexibility. In the last year, we've seen two key trends: huge growth of buy-now-pay-later (BNPL) transactions and consumer preference shift to debit cards over credit cards. The Affirm Card combines the two, allowing Affirm to meet consumers where they are and empowering them to pay on their own terms," said Affirm CEO Max Levchin. More than a third of U.S. consumers have used a BNPL service. Moreover, debit cards accounted for 30% of all U.S. payments. Affirm plans to launch the Affirm Card later this year. Price action: AFRM shares were down 8.76% at $93.51 on the last check Thursday. See more from BenzingaClick here for options trades from BenzingaSwedish Bank Klarna Might Go Public By Direct Listing Like Spotify: Reuters© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
San Francisco-based Affirm Holdings Inc said on Thursday that it is planning to launch its first payment card allowing users to pay for some purchases in installments, as the buy now, pay later (BNPL) sector booms. Founded in 2012, Affirm has become one of the most well known buy now, pay later firms in the United States, giving consumers the option to easily spread payments for online purchases. Companies in the sector, including Sweden's Klarna and Australia's Afterpay, have seen business blossom over the past year as consumers shopped online more during the pandemic.
Affirm Holdings, Inc. (NASDAQ: AFRM) ("Affirm"), a more flexible and transparent alternative to credit cards, today announced plans for the Affirm Card, the first U.S. debit card to have direct access to pay-over-time functionality. The Affirm Card will allow consumers to pay upfront, from their bank account, or pay later, by using a unique post-purchase feature. In just a couple of taps, consumers will be able to instantly convert any eligible transaction into one that is pay-over-time. As always with Affirm, there are no late fees or hidden charges, ever.