Affirm’s Post

This year's industry hot topic continues to be the implications of credit card late fee regulation on issuers. Had a great conversation with The Financial Brand about some of my predictions and observations, including: 👉🏼 The behavioral science evolution of value proposition and pricing strategies, from punitive-based fees to benefits-based monthly subscriptions 👉🏼 The importance of customer fidelity and considering LTV in considering how to respond to recent regulation 👉🏼 Brands that have been early adopters of this shift, from Dave, Acorns, and TD to this year Klarna and Robinhood What are your predictions? Article link in comments. Mintel Comperemedia #CreditCards #CardLateFees #CFPB #TheFinancialBrand

Did you know that businesses using ‘Buy Now, Pay Later’ services saw up to 70% YoY growth last year? Similarweb's latest economic trends report showcases that consumer expectations are at an all-time high... dive in to learn more about what these cost-conscious customers actually want from their credit and banking solutions! We’re talking: More flexibility within their purchases Maximum value from every transaction (hello, reward credit card schemes 👋) Innovative banking that offers one-stop solutions for the younger, techy generations And that’s just the tip of the iceberg. Download the full report and get fully stuck into all the amazing insights our new financial report has to offer. Click the link below to get your copy! https://lnkd.in/e6wms9Y2

On Black Friday, Affirm CEO Max Levchin joined Andrew Ross Sorkin and Becky Quick on CNBC’s Squawk Box to discuss the state of the consumer and the continued adoption of honest financial products like Affirm. Max said: It’s important that we educate consumers about gotchas and tricks that the financial industry has come up with to make them pay more than they should. We see Affirm as a more honest alternative… it’s great that demand for this type of product is entering the popular conscience. Watch the conversation here: https://cnb.cx/3STErTS 

Did you know that businesses using ‘Buy Now, Pay Later’ services saw up to 70% YoY growth last year? With consumer expectations at an all-time high, I learned so much about what these cost-conscious customers actually want from their credit and banking solutions.  We’re talking: More flexibility within their purchases Maximum value from every transaction (hello, reward credit card schemes 👋) Innovative banking that offers one-stop solutions for the younger, techy generations And that’s just the tip of the iceberg. Download the full report and get fully stuck into all the amazing insights our new financial report has to offer. Click the link below to get your copy! https://lnkd.in/e_vJUgrz If you are based in London - we will be hosting our Breakfast event on Thursday 18th May for our partners where we will be diving deeper into the topics in the report. Please get in touch is you would like to reserve a seat! #marketresearch #digitaldata

Wooo hooo! Keynoting J.P. Morgan’s Payment Forum was a HUGE thrill!!! The insights, laughs, energy, and forward-thinking mindset of the event’s attendees got me fired up! As many of you know, I believe that payments are the heartbeat of commerce and economies. No payments. No commerce. No flow of money. Now that is a must-deliver situation!   I’ve led research, spoken, and served on boards representing many different aspects of the payment space for years. I love payments because they are the *moment of truth* for consumers, brands, banks, marketers, retailers, e-commerce, and innovators. As a behavioral researcher, this is exciting!!! What connects all aspects of payments and makes them work? Technology. Lots of technology.   In our research, we consistently see that technology has a massive impact on generations, and generations have a massive impact on technology. Maybe you’ve seen my favorite research discovery and the quote that I share in my speeches, “Technology is only new if you remember it the way it was before.” This plays out every day when it comes to consumers’ expectations surrounding payments.    One aspect of payments that I enjoy exploring is the tension of people wanting payments to be built on stability and predictability—people want payments to go through, be trustworthy, fast, accurate, and much more—yet at the same time, consumers and brands expect innovation at a rapid pace. This creates a lot of challenge and opportunity, an ideal situation for our work studying behaviors and what leaders need to know to meet the expectations of and delight all generations of consumers and banking clients.   Speaking at JP Morgan’s wonderful Payment Forum for Mike was a highlight. The expertise, conversation, questions, and engagement were fantastic. The attendees are leaders committed to learning, growing, and being challenged, who understand the critical importance of getting their payment solutions and strategies right. I made new friends, learned a ton, and had a blast sharing our generational views on the trends reshaping payments today and for the future.   Sending a BIG high-five to the amazing team at JP Morgan for inviting me back for my sixth event. I so enjoy our collaborations and the tremendous response! #Grateful   #Payments #Banking #FutureofPayments #GenZ #Trends

Newsletter Topics. Working on the May Newsletter and want some feedback. Which topics would you like me to cover? 1. Fintech Disruption - Recap on Block SoFi and Chime 2. Visa/MC Earnings and Trends 3. Big bank earnings and Payment Trends 4. Walmart moving BNPL to their in-house financial arm 5. Marcus by Goldman Sachs selling off investment accounts 6. Klarna's new Credit Card 7. Visa/Mastercard Settlement Updates 8. Capital One / Discover Financial Services Merger Update Or is there something else you want me to cover? Let me know in the comments what you think we should feature this month.

I call this "Schrodingers Payments" Affirm had all of these things at the same time last week ✅Was rated a Buy ✅Was rated a Sell ⚠️Share priced dropped 10% in a day ❌Share price down over 85% since peak TechCrunch reported on top line revenue, GMV and other vanity metrics Defense world reported; JPMorgan Chase & Co. increased their price target on Affirm from $16.00 to $18.00 and gave the company a neutral rating Wedbush Securities boosted their price objective on Affirm from $10.00 to $15.00 and gave the company an underperform rating in a research report on Thursday. Compass Point Research & Trading, LLC lowered Affirm from a neutral rating to a sell rating and set a $13.00 price target on the stock. Barclays boosted their price objective on Affirm from $21.00 to $25.00 and gave the stock an overweight rating in a research Morgan Stanley upped their price objective on Affirm from $14.00 to $15.00 and gave the company an equal weight rating in a report Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $18.09. #payments #bnpl

Did you know that businesses using ‘Buy Now, Pay Later’ services saw up to 70% YoY growth last year? Neither did I - until I got my hands on Similarweb’s latest economic trends report. With consumer expectations at an all-time high, I learned so much about what these cost-conscious customers actually want from their credit and banking solutions. We’re talking: More flexibility within their purchases Maximum value from every transaction (hello, reward credit card schemes 👋) Innovative banking that offers one-stop solutions for the younger, techy generations And that’s just the tip of the iceberg. Download the full report and get fully stuck into all the amazing insights our new financial report has to offer. Click the link below to get your copy! https://lnkd.in/daekkwt9

marketscreener.com: Stifel reaffirms its 'buy' recommendation on Adyen, raising its target price from €1,450 to €1,850, and expressing confidence in its 2024-26 targets in view of the many significant opportunities facing the Dutch financial technology company. Pointing to 'a now largely positive sentiment around Adyen after a convincing investor day and a strong fourth quarter 2023', the German broker expects 'the first-quarter business update to reinforce this outlook'. According to Stifel, the consensus is lagging by around 10% on 2024-26 EPS estimates, with depreciation and amortization assumptions too high and financial income too low.