Affirm Holdings, Inc. is a company that may be flying under the radar as an undervalued growth stock worth considering for investors. With its recent IPO in January 2021, Affirm has shown strong potential for growth in the buy now, pay later sector.
Affirm’s innovative business model allows consumers to make purchases and pay for them in installments, without accruing interest. This has proven to be a popular option for shoppers, especially during the pandemic when many are looking for flexible payment solutions.
In addition to its consumer-friendly approach, Affirm has also been successful in forming partnerships with major retailers such as Peloton, Walmart, and Shopify. These partnerships have helped to expand Affirm’s reach and increase its customer base.
Although Affirm may not be as well-known as some of its competitors in the fintech industry, the company’s solid financial performance and growth potential make it a promising investment opportunity. With a market cap of around $22 billion, Affirm has room to grow and could see its stock price rise in the future.
Overall, Affirm is a promising growth stock that may be undervalued at the moment. Investors looking for a company with strong growth potential in the fintech sector should consider adding Affirm to their portfolio.