Affirm Holdings

Payment apps are tightening credit standards to focus on profitability. Payment apps are tightening credit standards to focus on profitability. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your…

Apple on Tuesday launched its "buy now, pay later" (BNPL) service in the US, a move that threatens to disrupt the fintech sector dominated by firms like Affirm Holdings and Swedish payments company Klarna.The service, Apple Pay Later, will allow users to split purchases into four payments spread over six weeks with no interest or fees, the company said. It will initially be offered to select users, with plans of a full roll-out in the coming months.Users can get loans between $50 (roughly Rs. 4,000) and $1,000 (roughly…

Investors like the idea of buying now. It is paying later that has them stressed out.With consumer borrowing and spending on the rise in recent months, shares of several card network providers and credit-card lenders have outperformed financials overall so far this quarter. Newsletter Sign-up Heard…

The Future of Everything Festival is happening right now. Click here to register and watch for free as a member. U.S. companies should continue to have a presence in Russia despite the war in Ukraine, Max Levchin, chief executive of buy-now-pay-later company Affirm HoldingsInc., said Wednesday. “In the long term I hope American businesses do end up in Russia and Russian people have the perception that Americans are…