AFFIRM HOLDINGS, INC. 
(MT Newswires) -- Max Levchin, CEO of Affirm Holdings, says the company has had an exceptional quarter, with figures beating estimates and showing no signs of slowing.
Levchin reports that all of Affirm's products are doing extremely well, with significant growth partly attributed to the partnership with Shopify. The number of regular Affirm bankcard users has risen dramatically from 1,000 to 100,000 since the November investor event.
In terms of gross merchandise volume (GMV), the company has seen its strongest annual growth for over a year. Despite fears of a deceleration in GMV for the second half of fiscal 2024, Levchin insists that current forecasts are a minimum and that the company expects better results.
The CEO notes that, although economic sentiment among US consumers is mixed, their spending continues to increase. Levchin notes that consumers who use Affirm to borrow are in good financial health, as evidenced by low delinquency rates and no increase in bad debt reserves, unlike the credit card industry.
