BNPL lenders like Flex, Zip, and Affirm are now pitching loans for basic household needs; Americans spent $160B via pay-later loans in 2025, nearly 2x from 2023
The rapid growth of pay-later loans raises questions about whether their popularity is driven by consumer preference or desperation.
Affirm reports Q2 revenue up 30% YoY to $1.12B, vs. $1.06B est., GMV up 36% YoY to $13.8B, net income up 61% YoY to $129.6M, and forecasts Q3 revenue above est.
Consumer financing firm Affirm Holdings (AFRM) reported fiscal second quarter earnings and revenue that topped consensus estimates.
Max Levchin on Affirm, his online payments and lending startup, and his focus on data
The Gigaom Interview: Max Levchin on data, sensors and building the future of finance — Part of the original “PayPal Mafia” and also formerly of Slide, Max Levchin has made a return …
PayPal Co-Founder Max Levchin Raises $45 Million for Startup Affirm
Max Levchin spent a year searching for the perfect person to lead his new online-lending startup until he realized it was him. — Levchin, a serial entrepreneur who co-founded payments company PayPal...