Affirm Holdings, Inc. (AFRM) operates a digital and mobile-first commerce platform in the United States, Canada, and internationally. The company’s platform provides point-of-sale payment solutions for consumers, merchant commerce solutions, and a consumer-focused app. It has more than 29,000 merchants integrated into its platform.
Fintech companies witnessed a significant surge in demand during the pandemic’s height, driven by growing e-commerce spending, an increased shift from cash to digital payments, and rising interest in cryptocurrency and digital wallets. However, amid the overall market malaise, 2022 has been a rough year for fintech companies, including AFRM.
