Affirm Holdings ( NASDAQ: AFRM ) is a fast-growing leader in the buy now, pay later (BNPL) sector, offering consumers flexible installment payments for purchases.
Affirm stock price popped by over 10% on Tuesday as investors cheered the company's presentation at its event. It jumped to a high of $73.40, up sharply from last month's low of $60.40.
Crude oil rebounds 2.4% after Trump orders blockade of sanctioned Venezuelan tankers, escalating U.S.-Venezuela tensions. Affirm Holdings (AFRM) reports strong consumer health, with 96% of transactions from repeat borrowers and delinquencies in line with expectations; shares surge after Amazon partnership renewal.
Revolve Group, a fashion retailer for millennial and Generation Z consumers, now offers Affirm's flexible payment options to shoppers in Canada and the United Kingdom. The offering marks an expansion of the companies' existing partnership in the United States, which launched earlier this year, according to a Monday (Dec. 15) press release.
Affirm CEO Max Levchin reviewed his company's strategy in a Monday interview with CNBC's Jim Cramer. Levchin suggested the buy now, pay later outfit benefits from not charging its customers late fees.
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