BNPL fintech Affirm lays off 19% of workforce, nixes crypto offering
The company intends to double down on its core business while “sunsetting” initiatives including Affirm Crypto.
Affirm
Start-up Vartana launches with $57m funding with aim to become the “Affirm for B2B”
Vartana is a new provider of managed checkout and BNPL options for businesses.
BNPL firm Affirm acquires Returnly in $300m deal
More than eight million shoppers have used the online return service.
Why the BNPL sector is growing like crazy
There is plenty of room for experiments in BNPL, and many customer segments are yet to be addressed.
Affirm’s IPO is a wake-up call for banks
Affirm is placing pressure squarely on banks and fintechs to challenge its BNPL market share.
Affirm IPO sees shares surge 98%
Affirm managed to halve its losses by June 2020.
Affirm files IPO application, but financials are confidential
Fintechs in the BNPL space have seen their valuations rocket.
Affirm eyes IPO with up to $10bn valuation
PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.
Max Levchin’s Affirm lands Shopify buy now, pay later deal
Affirm will power instalment payments for ‘Shop Pay’.
Max Levchin’s pay later Affirm said to be raising $1.5bn
The main investor is supposedly known as a warehouse facility.
Returnly raises $19m Series B round to help retailers take on Amazon
Former PayPal stars David Sacks and Max Levchin’s companies are on board.
Top fintech stories this week – 5 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Affirm thrives with $300m Series F funding
The Californian firm offers point-of-sale financing.
Affirm introduces in-store capabilities; integrates virtual cards with Apple Pay
Affirm InStore, an alternative to traditional credit cards at brick-and-mortar merchants.
Morgan Stanley lends $100m to start-up lender Affirm
San Francisco-based start-up lender Affirm has got a $100 million credit line from Morgan Stanley as it looks to boost its business, according to The Wall Street Journal. The firm is “adding debt” as it “seeks to grow its loans for tickets, trips, and other big online purchases as an alternative to paying with credit […]
