DFS - BNPL Company Affirm Holdings Exhibits Strong Growth And Fair Valuation Amid Regulatory Risks Says Analyst | Benzinga
JMP Securities analyst David Scharf initiated coverage on Affirm Holdings Inc (NASDAQ:AFRM) with a Market Perform rating.
The company is a “founding father” of the Buy Now Pay Later (BNPL) industry, having underwritten $73 billion of consumer loans since its founding in 2012 and issued $8 billion of securitizations, as per Scharf.
Over the past few years, the analyst noted Affirm’s business model has diversified and strengthened to create a more balanced revenue, credit, and customer mix. He also appreciated the advantages of operating a closed-loop payment network ...