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Affirm Reports 71 Percent Rise in Quarterly Revenue

Reuters

09 September 2021

Affirm Holdings Inc reported a 71 percent rise in quarterly revenue on Thursday, driven by a rise in the number of merchants and active consumers on its buy-now-pay-later platform.

Total revenue rose to $261.8 million during the fourth quarter ended June 30, from $153.3 million, a year earlier.

By Sohini Podder and Akanksha Rana

Learn more:

The Future of ‘Buy Now, Pay Later’

Paying for purchases in instalments has quickly become ubiquitous online. But Klarna, Affirm and the other fintech players that dominate the space have loftier goals.

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Technology

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