Reported about 11 hours ago
Affirm is strengthening its lending capabilities through strategic partnerships, including a distribution agreement with Worldpay and an expanded collaboration with New York Life for BNPL lending. These moves aim to increase its market presence and compete with rivals like Klarna and PayPal as it prepares to report earnings. The partnerships will enhance embedded payment options and provide significant off-balance-sheet funding to support Affirm's consumer loan volume.
Source: YAHOO