https://www.cnbc.com/2021/08/27/amazon-partners-with-affirm-for-first-buy-now-pay-later-option.html Affirm seem like small fish, and I'm pretty sure Amazon can pile a bunch of Amazon Pay engineers at such a project. Amazon is such a low margin business so not sure why they're giving up profit margin on this partnership.
It’s a way to acquire talents too!
it is the beginning of end for affirm. no one survives amazon partnership. i give it a year before amazon comes out with their own implementation
Amazon was already on a test pilot with Affirm several years ago but decided to copy Affirm with Amazon Pay... But I guess it seems like Affirm's branding has better impact on their revenue than their brand. Good for Affirm
IMO, this is less significant than the fact that buy now pay later is as big as it is
Well at no interest, I don't understand why it wouldn't be as big as it is
Companys’ rapid interest in buy now pay later (square just acquired one for example) reflects its rapid adoption, which I think is significant because it paints a picture about how people are spending money, which ultimately will catch up with them and cause a lagged effect the economy
this entire thread is so focused on being able to engineer it it’s not just an engineering issue. Affirm is literally stacked w former credit card company employees to work on credit risk
Financial services and lending is a lot more work than a few engineers being on it. This isn’t some please ship a cute feature shit lol. Underwriting Cost of capital Fraud Compliance Operations Margins management Etc.
supposed to start at affirm next week, why couldn’t they wait a week before announcing for my stocks smh
I am not totally sold on this buy now pay later stuff. I read their s1 filing there are imports things to watch out for this kind of business (I passed on their IPO) but good for them they need volume and Amazon can bring it.
Seriously what is Amazon thinking? Why can’t they have some director of engineering do something build this thing in 6 months? I mean it only took Affirm like a decade and 1400 people to get to where they are today, but those Amazon engineers are next level. And we all know Wall Street is full of idiots willing to give something so easy a 25 billion valuation.
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You need developers to work on anything… given the market, maybe it seemed like a better idea at this time.
I'm pretty sure some director can promise to hack something out in like 3-6 months and get like 10 extra headcount for it. Haven't worked at Amazon, but I'd imagine this can be done
You what kind of shoddy project that would be… regulations and compliant projects need more time than 3-6 months.