Affirm produced a solid earnings report with 48% revenue growth and the company now has more than 17 million active customers
Amazon partnered with Affirm to offer BNPL to their North American customers.
Earnings season has begun for fintech and it is not looking very good so far with Affirm and Adyen both sinking after lackluster reports. Also making news was Goldman Sachs, Robinhood, Kraken, Pipe and more.
With regulation taking center stage, there's an opportunity for banks to take the place of some large BNPL providers and lead the space.
Affirm showed confidence in their quarterly earnings call, saying they were "on track" to reach profitability next year.
Affirm's earnings call came with an announcement of layoffs, in an effort to streamline in accordance with low revenue growth.
Making news this week was Affirm partnering with Stripe, an OpenSea executive getting charged with insider trading, Binance Labs closing a new fund, Ripple and FTX on the hunt for acquisitions, Nav teaming up with Marcus and more.