- The high-growth fintech aspires to disrupt legacy financial institutions through its BNPL (buy now, pay later) payment network.
- Its recent partnership with Amazon and Target will provide further growth opportunities.
- However, customer concentration remains a major risk factor (its top customer is Peloton Interactive which accounts for ~20% of total revenue).
- After skyrocketing over 230% from its May lows, shares may see some weakness short to midterm, although the long-term outlook remains bullish.
For further details see:
Affirm: In An Early Growth Stage