Fintech

What’s going on with the Fintech company stating equity shares on Wednesday? – Affirm Holdings (NASDAQ:AFRM)

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8 months ago

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PayPal Holdings, Inc PYPL co-founder Max Levchin founded the fintech company Affirm Holdings, Inc AFRM has partnered with Brittain Resorts & Hotels to offer a flexible offering payment options for hotel guests.

Now, guests at more than 15 hotels and resorts can book and pay over time using Affirm when making purchases over $150.

Guests can split the sum into monthly payments for up to 18 months, with transparent pricing and no hidden or late fees.

For example, a $1,000 purchase can be broken down into $64.76 per month at a 20% APR.

Pat Suh, senior vice president of revenue at Affirm, reported 35% growth in travel and ticketing transactions through Affirm in the latest quarter, underscoring the demand for such flexible payment solutions.

Affirm’s network includes major resellers such as Amazon.Com Inc AMZN, Casper and American Airlines Group, Inc AAL.

Affirm the actions already received a boost following the announcement that its payment products will soon be available the Apple company AAPL Apple Pay users in the United States

Users can apply Affirm’s Pay Over Time option when paying online or in-app with Apple Pay on iPhone and iPad.

Analysts have reported significant GMV generated by Affirm Card, which now boasts over one million active cardholders and is expanding into traditionally unaddressed categories like restaurants and groceries following the company’s third-quarter release.

Affirm Holdings shares have gained more than 106% over the past 12 months. Investors can gain exposure to the stock via Vanguard Small Cap ETF VB e Vanguard Total Stock Market ETF VTI.

Price Action: At last check on Wednesday, AFRM shares were trading 6.04% higher at $35.84.

Disclaimer: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.

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