The shares of Affirm Holdings Inc. they jumped 40% in the Friday session after hours after the fintech company said it had partnered with Amazon.com Inc. to allow a timely payment option in your Amazon inbox.
“Select” Amazon customers will have the option to split the total cost of purchases of $ 50 or more and Amazon plans to make Affirm available to more customers “in the coming months,” Affirm said.
Affirm AFRM,
closed the ordinary trading day by 3%. Amazon.com shares AMZN,
1% were left flat after the end of the trading session.
Amazon “always seeks to add flexible payment options and Affirm does” without late or hidden charges, an Amazon.com spokesman said Friday.
“Buy now and pay later” companies, such as Affirm, offer a twist on the old layaway plan, which allows consumers to buy in installments and charge them simple or interest-free interest and instant access to what they bought. .
Affirm’s shares met earlier this month following a report saying Apple Inc. AAPL,
he planned to offer it to those who wanted to buy Apple devices in Canada.
Also earlier this month, Square SQ,
he said he planned to buy Affirm Afterpay’s rival on a $ 29 billion deal.
Affirm went public in January, grossing at least $ 1.2 trillion and one of its main customers is Peloton Interactive Inc. PTON,
However, shares have lost 25% since then.