Affirm’s (AFRM) Next Chapter Bets Big On The Card

Affirm Holdings delivered record profitability in its most recent quarter, though the stock declined 4.26% following the results. During an earnings call held on August 27, founder and CEO Max Levchin announced a strategic shift in his role, transitioning from day-to-day operations to focus on developing next-generation products while existing business operations continue to expand.
The Affirm Card has emerged as the primary growth driver for the company. Card adoption sits at 19% of active use