Shares of Affirm, Toast, Bill.com, PayPal and other consumer-focused fintech firms turned lower Thursday. Goldman Sachs warned that higher import duties could squeeze margins for hardware-dependent fintechs like Toast and Block.
The fintech sector rallied Wednesday following the Trump administration's announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%.
Affirm and Shopify have expanded their pay-later offering beyond U.S. borders. The companies announced Wednesday (April 9) that Shopify merchants in Canada who have signed up for early access can begin offering the Affirm-powered Shop Pay Installments program, marking its first availability outside the U.S.
TORONTO--(BUSINESS WIRE)--Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Shopify, a provider of essential internet infrastructure for commerce, today announced the acceleration of their global expansion plans. Shopify merchants in Canada with early access can now offer Shop Pay Installments, exclusively powered by Affirm, to shoppers, ma...
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