affirm
Apple announced at last week’s WWDC 2024 that users would be able to access loans through third-party app Affirm through Apple Pay.
Affirm’s head of product Vishal Kapoor discusses buy now, play later in a debit card, and how that’s setting Affirm apart from competitors.
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every…
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. Better.com finally went public last week, and the stock’s performance was worse…
Affirm has become the first buy now, pay later player to be added to Amazon Pay, the two companies announced today. As part of the new partnership, any Amazon Pay merchants…
As inflation and interest rates climbed, consumer-focused BNPL players have struggled with increased defaults amid less discretionary spending.
Featured Article
Affirm’s stock plunges as it misses earnings, cuts 500 jobs and shutters crypto unit
Citing economic turbulence, buy now, pay later giant Affirm announced today that it is reducing its staff by 19%, or about 500 employees, and shutting down its crypto unit. That leaves the company with about 2,000 employees. In a written statement, founder and CEO Max Levchin said that he takes…
Silvija Martincevic, former chief commercial officer of Affirm, one of the U.S.’s biggest buy now, pay later startups, has been appointed to CEO of shift work management platform Deputy. Based…
Featured Article
Klarna, Affirm show how expensive fintech growth can be
Why are Klarna and Affirm worth as much as they are, given that they are unprofitable, cash-consuming businesses seemingly unable to generate corporate net income off of consumer lending despite a presumed tech advantage?
Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses…
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our…
The Wall Street Journal recently reported that Klarna, a European buy now, pay later (BNPL) provider, is considering raising capital at a valuation of around $15 billion. The new figure…
After Apple shook up the buy now, pay later market with news that it would now be a competitor to established firms, PayPal this morning is introducing another buy now,…
Featured Article
Apple enters the BNPL market as regulation, competition intensify
How will all of these BNPL-focused providers fare with Apple pounding its way into their market?
Apple’s Pay Later installment credit scheme will live under a new lending subsidiary
The news that Apple would offer its own “buy now, pay later” service splitting any Apple Pay bill into installments hit the fintech lending world like a thunderbolt. But it…
You might think that the substance of what Apple announces matters to folks buying and selling its shares on any given day, but it mostly doesn’t.
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. Buy now, pay later has become nearly ubiquitous here…
Welcome back to The TechCrunch Podcast, where you’ll hear everything you need to know about the week’s top stories in tech from the people who…
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was another…
Two fintech giants are partnering up. Affirm is making its buy now, pay later technology available to businesses that use Stripe’s payments tech. This means that a whole slew of…
No one likes a down round. They are dilutive, messy and demoralizing. But they are also miles better than not raising money and dying, so companies raise them when required.
The shocking decline in the value of Upstart and Affirm is only part of the story. There are myriad startups in the BNPL market, meaning that a large piece of…
Walnut was founded by Roshan Patel and Yash Joshi to bring the buy now, pay later model to healthcare, arguably the home of some of the least transparent and taxing…
TechCrunch sat down with Libor Michalek, president of technology at Affirm, to understand just how the company differentiates itself from its plethora of competitors.
The company develops secured loans for motorcycles, cars and trucks so borrowers can improve their income.
Growth is good, but like the James Brown song, Klarna is paying the cost to be the boss.
The BNPL market appears more expensive and less valuable than it did in mid-2021.
Is your startup more like Affirm or more like its smaller competitors? And if you are priced more like Affirm, why? Do you deserve the premium?
Should the myriad well-funded BNPL startups see Affirm’s descent as a warning concerning their own efforts or something more company-specific to the U.S. fintech?
Featured Article
Fintech outperformed the market in 2021, and it’s set to do even better
We were bullish on fintech when we launched the Matrix Fintech Index in 2017, but even we underestimated the magnitude of the growth to come.
