Affirm stock surges on strong Q2 results: is now the time to buy? 🤔📈; Revolut takes on telecoms with eSIM launch 😮📱

FinTech is Eating the World, 12 February

Hey Everyone,

Good morning! Due to a difficult schedule, we’re starting a new FinTech week on Tuesday. But it’s definitely worth the wait as today we’re looking at Affirm which surged on strong Q2 results (is now the time to buy + some deeper dives into BNPL pioneer), and Revolut which is taking on telecoms with the eSIM launch (why this makes sense + some bonus deep dives into a FinTech giant). Let’s jump straight into the interesting stuff 🌶

Affirm stock surges on strong Q2 results: is now the time to buy? 🤔📈

Earnings time ☎️ Following the finance giants Mastercard, Adyen, and PayPal, FinTech heavyweight Affirm AFRM 0.00%↑ reported its earnings late last week.

Buy Now, Pay Later (BNPL) pioneer’s stock surged over 10% in extended trading Thursday after the financial technology company reported fiscal second-quarter revenue and earnings that handily beat estimates.

Let’s take a look at the key numbers, uncover what they mean, and see what’s the potential upside for 2024.