Amazon recently announced its partnership with buy now, pay later, provider Affirm and since launching their IPO their stock has gone atmospheric.

Affirm offer to essentially pay for your goods up front and allow you to pay back across a set number of months. This of course is music to any ears of retailers who can sell more, faster and get paid quicker. Affirm came into this space with big plans and huge investor pockets and so far they have not disappointed.

Launching their stock onto the market in just Jun 20, 2021at $60 a share the company has seen huge growth over the last quarter thanks to Amazon confirming their partnership with them as their only buy now, pay later provider. Since then the stock has hit all time highs of $176 and currently sits at $151.72 per share (Nov 18th 2021).

Image courtesy of Finance.Yahoo.com

With a small market cap still of just $42Billion and projected yearly revenue of over $500M in 2022 this company has major growth potential.

Other competitors include Klarna, Sezzle, Afterpay and Square but with only one other being listed on the exchange. This market is still fairly untapped and is becoming more and more in demand. It won’t take long for Affirm to boast of $1B revenue quarters.