Affirm shares double after $1.2 billion IPO


The online installment lender is the latest consumer-focused tech company to see its stock price soar on the first day of trading.


Lender Affirm seeks to raise up to $934 million in IPO


Affirm Holdings, which provides installment loans to online shoppers, is seeking to raise up to $934.8 million in an initial public offering, signaling last year’s record listings run is carrying over to 2021.


What could quell the boom in 0% installment lending


Firms such as Afterpay that offer financing to shoppers have been enjoying rapid growth. But their model is under scrutiny from regulators, being mimicked by credit card lenders and faces heightened risks in a downturn.


11 bankers and disruptors to watch in 2020


Can Charlie Scharf fix what ails Wells Fargo? How will Kelly King and Bill Rogers manage the integration of the biggest bank merger since the early 2000s? And will New Jersey Gov. Phil Murphy be able to beat back opposition from the banking industry and make good on his promise to create a state-owned bank? Here are 11 leaders to keep an eye on in 2020.


Challenger bank tailors rates to encourage savings


HMBradley will assign interest rates according to how much customers set aside from direct deposits each month.


Fintech executive sworn in as California's top financial regulator


Manuel Alvarez, who became commissioner of the Department of Business Oversight on Monday, is the former general counsel and chief compliance officer at the online lender Affirm.


Consumer lender Affirm raises $300M to fund rapid expansion


The Silicon Valley-based fintech, which recently announced a new partnership with Walmart, plans to add hundreds of new workers this year.


Can Citi and Chase beat fintechs at their own game?


The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.


Walmart teams with Affirm to offer point-of-sale loans


The deal marks the first time that the retail giant will enable its customers to use fixed-rate loans, rather than credit cards, for big-ticket purchases in its stores and online.


Online lender’s aim: Turn borrowers into depositors


Affirm, which for six years has plied its trade as a point-of-sale lender, wants to move deeper into banking by offering a high-rate savings account.