Affirm CEO Max Levchin explains sales increase, growth opportunities - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Buy now, pay later startup Affirm is seeing a surge in demand. Here's why CEO Max Levchin is eyeing expansion as other fintechs are in survival mode.

and expect a tightening in funding.

"Many companies in the startup sense will find themselves acquisition bates and probably will get acquired and may like the outcome," Levchin said.Affirm doesn't charge fees, whereas most loans which come with prepayment, servicing, and late fees. Though it does report loan performance to credit bureaus, so late payments could impact a user's credit score and their ability to use Affirm in the future.

"We stand behind them and we feel quite good about our ability to manage risk and to continue running our business the way it is," said Levchin. , which means that being able to extend payments over a few months could give them some needed flexibility.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Always end the day with a positive thought. No matter how hard things were, tomorrow's a fresh opportunity to make it better.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

VW CEO calls for economic stimulus to revive auto industry: TVVolkswagen's chief executive called for a broad stimulus package to revive the auto industry and the economy even as he defended the carmaker's intention to pay a dividend. emissions Lol VW?!?!? LMFAO VWGroup is the last company that should be seeking taxpayer dollars.
Källa: Reuters - 🏆 2. / 97 Läs mer »