In this episode we talk with fintech legend, Max Levchin, the co-founder and CEO of Affirm, where he opines on BNPL, why it is better for consumers than credit cards, and how his company has grown into an industry behemoth.
Affirm's earnings call came with an announcement of layoffs, in an effort to streamline in accordance with low revenue growth.
Making news this week was Affirm partnering with Stripe, an OpenSea executive getting charged with insider trading, Binance Labs closing a new fund, Ripple and FTX on the hunt for acquisitions, Nav teaming up with Marcus and more.
In 2021, firms who had stayed alive through the initial pandemic became giants: fintechs became banks, banks became super apps, and super apps became some of the most successful public companies in the world.
We started the month with the huge news that Square was acquiring Afterpay and we ended with Amazon’s deal with Affirm.
It seems like every day there is more news coming out of this sector, it is white-hot right now.
Earnings season has begun for fintech and it is not looking very good so far with Affirm and Adyen both sinking after lackluster reports. Also making news was Goldman Sachs, Robinhood, Kraken, Pipe and more.
With regulation taking center stage, there's an opportunity for banks to take the place of some large BNPL providers and lead the space.
How did competition between the top consumer debt contenders heat up over the long-awaited holiday shopping spree?
This earnings season started strong but turned uneven this week. Even firms that showed outsized growth saw their stock prices...
Paypal Mafia buy now pay later fintech the talk to the town having snagged the biggest e-commerce market in the world.
Certain customers will be able to use an Affirm pay later option at checkout, Amazon said in a press release.