🚀 Expansion in full swing
Affirm (NASDAQ: AFRM) and Shopify have expanded their partnership. The fintech company will be the exclusive provider of Shop Pay Installments in the US and Canada. After its success in the US since 2021, it now plans to enter the UK market.
💰 Surging revenues
Affirm’s revenue grew by 46.3% in the past year. RBC Capital Markets raised its price target from $67 to $81, while Mizuho increased it to $84. Its Q2 revenue, net of transaction costs, reached $419M, exceeding forecasts.
🛒 Buy now, pay later
Shop Pay Installments offers 0% APR payment plans with no hidden fees. Shopify COO Kaz Nejatian highlights Affirm’s technology and transparency as key drivers for global expansion. The service will launch in Canada in the coming months.
🌍 Aiming for global dominance
Affirm CEO Max Levchin sees massive growth potential worldwide. The company is building a trust-based payment network to help consumers shop responsibly. Partnerships with Shopify and FIS fuel its expansion and service adoption globally.
Will Affirm succeed in the UK market?
