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Affirm’s Fiscal Year 2021 Third Quarter Results Reveals: Year-Over-Year Gross Merchandise Volume Growth to 83%; Increases Active Consumers By 60% Year-Over-Year
Affirm announced on Tuesday the financial results of its fiscal
2021 third quarter, which ended on March 31, 2021. According to
Max Levchin, Founder and CEO of Affirm, the company’s third-quarter results reflect on the continuous progress towards its goal of becoming the most valuable and transparent financial network for consumers as well as merchants.
“During the period, we more than doubled the number of merchants on our platform, accelerated GMV growth to 83%, and increased active consumers by 60% year-over-year.”
Third Quarter of Fiscal Year 2021 Operating Highlights include:
Can Affirm s growth keep it ahead of PayPal, Afterpay? paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.
$2-billion windfall for Shopify after retail finance partner Affirm soars in IPO Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Several Canadian entities including Shopify Inc. scored massive stock market gains Wednesday as U.S. consumer retail finance provider Affirm Holdings Inc. soared in its initial public offering.
Stock of San Francisco-based Affirm more than doubled in its first day of trading on the Nasdaq Wednesday after raising US$1.2-billion in its IPO, at US$49 a share, before closing at US$97.24, up 98 per cent.