Is Affirm the Growth Stock for You?
Affirm Holdings (NASDAQ: AFRM) has been an early 2021 IPO dud, with a first-day closing price of $97 that's lost almost 30% of its value since then.
The financial technology, or fintech, company provides buy now, pay later services for customers with no late fees, as well as savings accounts with high interest rates. Buy now, pay later has increasingly become a popular payment option for shoppers who are tired of endless and unclear credit card interest payments. Affirm has a growing member base and sales, and its target shopping experience features predominantly high-end products, making them accessible to a market that might otherwise not be able to afford the high prices. The large and growing active customer base confirms that this is a business that's going somewhere.
Source Fool.com
