Affirm CEO Bullish on Consumer, Expects Debit Card to Drive Growth
Affirm’s CEO stated U.S. consumer weakness worries are ‘greatly exaggerated’ and highlighted record approval rates on its platform. He also predicted the recently launched debit card will contribute significantly to transaction volume growth this year.
1. CEO Defends Consumer Strength
Affirm’s CEO addressed concerns about American consumer spending, labeling fears of a downturn as “greatly exaggerated.” He cited stable default rates and a rebound in discretionary purchase approvals, indicating resilient demand across core merchant partners.
2. Debit Card Seen as Growth Catalyst
The CEO forecast the company’s new debit card will become a material revenue driver, projecting it will increase transaction volume and fee income. He noted early adopters have doubled their monthly spend on Affirm’s network compared with cardholders only using buy now, pay later services.