AFRM - Affirm partners with Apple Inc: 'a big positive for '

2024-06-11 10:19:09 ET

Affirm Holding Inc (NASDAQ: AFRM) is in the green this morning after teaming up with Apple Inc (NASDAQ: AAPL).

Details of Affirm-Apple partnership

Buy now, pay later loans of will be available to users of iPhones and iPads by the end of 2024.

The partnership brings “ease, convenience, and security of Apple Pay” with “flexibility, transparency, and no hidden fee” of Affirm, said the financial technology company in an emailed statement today.

Affirm Holdings does not, however, expect the announcement to have a “material impact on revenue or gross merchandise volume in fiscal year 2025, as per its filing with the Securities & Exchange Commission on Tuesday.

AFRM shares that do not currently pay a dividend yield are currently down some 35% versus their year-to-date high in early February.

Apple deal is a positive for Affirm stock

This is a developing story. Check back in a few minutes for more updates!

The post Affirm partners with Apple Inc: 'a big positive for ' appeared first on Invezz