JOURNAL ARTICLE

Affirm Is Growing Faster Than Rest of the Industry, CEO Says.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Smith, Paige 3 of 3

Abstract

Affirm Holdings Inc. CEO Max Levchin stated that his company is growing faster than other buy now, pay later companies like Klarna Bank AB. Affirm's revenue increased by 49% in the first half of 2024, compared to Klarna's 27% gain. Levchin also mentioned that Affirm expects to be profitable by the fiscal fourth quarter of 2025. The buy now, pay later industry has faced scrutiny from the US Consumer Financial Protection Bureau, but Levchin believes there is still a large market for these firms to compete against traditional payment options. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/08, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2024
  • Accession Number:179339983
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