What's up with Affirm? Crypto, Debit, Rewards and Super app next. Do y'all see it being successful with so much competition in the BNPL space? Can it win over Klarna/Afterpay/PayPal and the likes? Is it a long term buy from an investment perspective? #tech #investment #personalfinance
There's room for more than once vendor in this space. Do I think we'll make it to the top? Yes, but I'm biased. One thing is for certain, we have momentum on our side and we'll continue to grow
Agreed that BNPL is saturated with all the players and with MasterCard now entering the space, but I also believe with our current product offerings, product roadmap, and partnerships that we’ll continue to be a dominant BNPL player I.e. no late or hidden fees, transparent long term financing options, debit card, Amazon/Shopify/Walmart/peloton partnerships
With the trajectory of loans, savings, debit, rewards, crypto, we will eventually become a bank with tons of partnership. I like the prospect.
It’s about trust too right? Who would trust Visa or MasterCard? Certainly, CC companies have worked hard to hide fees and costs. Affirm is the opposite and I think they will win the trust of the consumer.
Lol the moat is partnerships and ml data sets. You need skew level data that visa/mc/PayPal don’t have. All the big banks are trying bnpl and are slowly giving up. In the end it’ll be SQ vs Affirm vs Klarna.
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With the predicted updraft of the BNPL market even if it catches a small piece it would be pretty significant for the company of such a small size going against Paypal amd Mastercard (soon). Just my gut feeling