Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards. It allows consumers to make purchases and pay over time through installment plans, often without hidden fees or deferred interest. Affirm partners with merchants to integrate its payment solutions into online and in-store shopping experiences, using user-friendly plugins and APIs. The company generates revenue from interest and fees on loans to consumers, as well as from fees charged to merchants for offering its financing options. Affirm also provides a merchant dashboard for transaction processing and promotional tools to help businesses market these financing options effectively. The goal of Affirm is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail sectors.

Lightspeed Venture Partners

Khosla Ventures

Nyca Partners

Spark Capital

Andreessen Horowitz

Jefferies Group

Morgan Stanley

Founders Fund

Caffeinated Capital

Ribbit Capital

Moore Asset Backed Fund

Sound Ventures

Thrive Capital

Ashton Kutcher

Fidelity Investments

Baillie Gifford

Wellington Management

Durable Capital Partners

GlobalCapital

Fintech

Financial Services

Affirm

British consumers are increasingly embracing buy now, pay later (BNPL) plans amid increasing government scrutiny. Activity in the sector climbed to around $27 billion in 2024 last year, an almost 20% increase, Bloomberg News reported Thursday (Jan. 16), citing figures from GlobalData. It’s a boom being driven by companies such as PayPal and Klarna, plus newcomers to the U.K. like Affirm. “Affirm is stepping into a competitive landscape,” Sameer Pethe, a partner at consultant Kearney, told Bloomberg

Uk Bnpl Volumes Jump Nearly 20% Amid Increased Scrutiny

GoodRx Holdings disclosed Monday (Jan. 13) that its chief financial officer, Karsten Voermann, submitted his resignation Tuesday (Jan. 7), effective Friday (Jan. 16).The company attributed the resignation to “personal reasons” in a Monday filing with the Securities and Exchange Commission.“Mr. Voermann’s resignation was not a result of any disagreement between the company and Mr. Voermann on any matter related to the operations, policies or practices of the company,” GoodRx Holdings said in the filing

Goodrx Cfo Karsten Voermann To Resign For Personal Reasons

Friday’s stock market rout — where markets plummeted in the wake of a surprisingly strong jobs report that splashed cold water on interest rate cuts from the Fed — added to the CE 100 Index’s downward momentum of this past week. The overall index slipped 2.3% and now stands in negative territory for the year. Two of the 11 pillars we tracked — the Be Well and the Communicate group — gained scant ground. Those segments were up less than 1% each. Banking names will kick off earnings season this week — and stocks in the segment fell to earth, at least a bit, giving back some of trailing 12-month gains that are still lofty, north of 30%. We’ll get a sense of how consumer and commercial credit is faring, along with data on how loan performance has impacted banks’ balance sheets

Ce 100 Index Sinks 2.3% As Bnpl Names Trend Lower

The stock market offers a snapshot, at any given time, of investor sentiment, which is driven by the fundamentals of companies, sectors and the economy as a whole. The read across from the proprietary CE 100 Index, which exists as a microcosm of innovation, where companies are helping blur the lines between the physical and digital realms, shows that the momentum of the connected economy has the wind at its back. PYMNTS Intelligence studies, from connected economy monthly reports to “How the World Does Digital,” and deep dives into consumer and business shifts, have shown that engagement with digital activities has been on a steady rise.We’re just a few days into January, so the time is right to take stock of where we’ve been and where we’re headed, not just in terms of stock performance, but for the connected economy as a whole

Ce 100 Index’S Strong 2024 Reflects The Connected Economy’S Momentum

The Consumer Financial Protection Bureau (CFPB)’s continued push for regulation of buy now, pay later (BNPL) firms offers up a dual-edged sword: The agency’s interpretive rule issued last May further legitimizes short-term installment loans as an increasingly mainstream form of credit. At the same time, the CFPB seeks to set “guardrails” on the offerings that providers claim are ill-suited — and the ultimate arbiter may be the courts. Then again, there’s the possibility that the rule-making may be short circuited altogether. As PYMNTS reported in May, the CFPB issued an interpretive rule classifying BNPL firms that provide pay-in-four options as credit providers. By extension, consumers using BNPL must be afforded the same legal protections that are tied to credit cards, as covered under Regulation Z. In broad terms, BNPL users can dispute charges or demand refunds, while BNPL lenders pause payments during those disputes

2025 Is A Pivotal Year For Bnpl As Providers, Cfpb Clash Over Regulations

The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and being able to afford necessities. But a spate of recent announcements underscores the widespread appeal of paying over time — where stretching out transactions over weeks or months helps improve consumers’ cash flow — even among high-income households. PYMNTS Intelligence noted in the special report “New Data: Defining the New Buy Now, Pay Later Consumer,” that for roughly two-thirds of users, cash flow management is one of the key benefits of BNPL. Roughly a third of users say the BNPL option helps them afford larger purchases

Bnpl Makes Inroads With Luxury Brands As High Earners Pay Over Time

The CE 100 Index barely budged in a shortened trading week that left only two more days of stock market action for 2024. The index was down a scant 0.02%, and the year-to-date performance — where the index is up 24.8% — continues to trail most major indices, save the Dow Jones Industrial Average, as seen below. This time around, through the past week, six pillars were lower, and five eked out gains. Xerox was the most notable gainer among individual names, up 9%, leading the Work segment 0.1% higher

Xerox Surges On Lexmark Deal But Can’T Budge Ce 100 Index

The new year looms, and for the FinTech IPO Index, with a year-to-date performance that tops a 64% return, 2024 has been kind, to put it mildly. December alone, as of Thursday’s close, marked an 18.4% gain. In the past several sessions, it was the platforms that made the most headway, with several companies ahead by double digits. Huize Resumes Its Rally

Fintech Ipo Index’S 3.9% Rally Spreads Some Cheer In Holiday-Shortened Trading Week

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BowTiedCyber LLC has helped over 100 students kickstart their cybersecurity careers, and now BowTiedCyber LLC has partnered with Affirm to offer 100% financing options.

Podcast Ep 3 - Faith, Ethics, and AI in Cybersecurity w/ Dr J

Apple has reportedly stopped its development of an iPhone hardware subscription program.The company had planned to launch the program in 2022, delayed it until 2023, and has now scrapped it, Bloomberg reported Wednesday (Dec. 18), citing unnamed sources.Apple did not immediately reply to PYMNTS’ request for comment.The company had planned to launch a service in which consumers would pay a monthly fee for an iPhone and get a new model of the device each year, according to the report.During development, the program ran into software bugs and concerns about potential regulatory scrutiny, per the report.It was reported in March 2022 that Apple was developing the hardware subscription service to generate more revenue and make it easier for people to afford pricey new gadgets.The hardware subscription program was being developed by the company’s Apple Pay group, which shut down its buy now, pay later (BNPL) offering, Pay Later, earlier this year because of stricter regulations announced by the Consumer Financial Protection Bureau, according to the Wednesday report by Bloomberg.Apple now promotes third-party BNPL programs offered by Affirm and Klarna, per the report.The company shuttered Pay Later in June — nearly two years after its initial announcement and about eight months after its nationwide debut — and began charting a wider path toward offering a range of pay-over-time lending products.A week before that announcement, Apple said that Apple Pay users in the United States will be able to apply for BNPL loans through Affirm during checkout.It was reported Sunday (Dec. 15) that Apple plans to debut a new iPhone next year that will be thinner than current models, will have a simplified camera to cut costs, and will be designed to serve as an alternative for consumers who want a sleek-looking phone and are OK with not having all the features offered in Pro models.Apple is also planning two foldable devices, including one that would double as a laptop and a smaller one that would be a foldable phone, the Wall Street Journal (WSJ) reported. Both foldable devices have been in the works for years

Report: Apple Stops Development Of Iphone Hardware Subscription Program

Provides buy now, pay later financing solutions

Affirm

Provides buy now, pay later financing solutions

Affirm

Provides buy now, pay later financing solutions

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