AFRM - Why Shares of Affirm Rose Today
Shares of the buy now, pay later (BNPL) company Affirm (NASDAQ: AFRM) rose nearly 4% Tuesday for no obvious reason, although there are a few things that could have driven the move.
Earlier today, the e-commerce company BigCommerce (NASDAQ: BIGC) announced that it had expanded its partnership with Affirm to be BigCommerce's "pay-over-time solution partner." The multiyear deal will allow merchants on BigCommerce's platform to use Affirm's solutions at checkout and offer customers a range of options for how they pay off purchases.
"Affirm's scale and reliability, combined with the unparalleled flexibility and transparency they offer consumers, make them an obvious choice and great pay-over-time solution for our merchant network," Mark Rosales, vice president of payments at BigCommerce, said in a statement.
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Why Shares of Affirm Rose Today