Affirm expands BNPL options to capture everyday purchases 💳; Carta's valuation plunge amid secondary sale & business challenges 😔; BNPL giants turn to debt markets amid rising rates 💸

FinTech is Eating the World, 7 June

Hey Everyone,

TGIF! Another fascinating FinTech week is about to end and we’re going to end it strong 💪 Today’s issue is the best one yet as we’re going to look at Affirm that’s expanding BNPL options to capture everyday purchases (why it makes sense + a bonus deep dive into Affirm & why the BNPL giant is poised for solid growth), Carta's valuation plunge (a recap of what’s happening & what’s next) and BNPL giants turning to debt markets amid rising rates (what this tells us + a bonus dive into PayPal). So let’s jump straight into the interesting stuff 🌶

Affirm expands BNPL options to capture everyday purchases 💳

The news 🗞️ Buy Now, Pay Later (BNPL) provider Affirm AFRM 0.00%↑ has introduced two new payment plans in a bid to compete with credit cards for consumers' daily purchases.

The new options, Pay in 2 and Pay in 30, allow customers to split their purchases into two equal installments or pay the full amount within a 30-day period, respectively. These interest-free plans complement Affirm's existing Pay in 4 and monthly installment offerings.

Let’s take a quick look at this and see why it matters.