Stride Bank partners with Affirm to issue Affirm Card, offering flexible payment options to 1.7 million active cardholders and benefiting from Affirm's large network and growth in BNPL market.
The agreement will make Affirm’s solutions available to J.P. Morgan Payments’ network of merchants and enable U.S. merchants using its Commerce Platform to offer the buy-now-pay-later provider’s flexible and transparent plans at checkout.
Affirm shares are trading higher by 9% during Wednesday's session. Tech stocks are rising alongside the broader market after the Fed held rates steady.
Affirm Holdings will lose its exclusive role providing installment loans for Walmart as Klarna partners with OnePay. Yesterday, Goldman Sachs analyst lowered AFRM's price target from $90 to $50, then raised the forecast to $56 reflecting the updated impact of loss of the Walmart relationship.
Stocks were little moved during midday Monday trading in New York, as a mixed retail sales report failed to generate a bullish response from investors.
The development is considered a negative for Affirm, which, in 2019, partnered with Walmart to offer shoppers the option of using the company’s services to pay for their purchases over time at nearly 4,000 Supercenters nationwide.
Affirm Holdings Inc (NASDAQ:AFRM) shares are trading lower Monday after competitor Klarna announced a partnership with OnePay to offer installment loans at Walmart Inc (NYSE:WMT) locations across the United States.
Markets bounced back in early afternoon trading Tuesday as Ukraine signaled its readiness to accept a U.S.-backed proposal for a 30-day ceasefire, an agreement that could be extended if both sides comply.
