Walmart's majority-owned fintech startup, One, has begun offering buy now, pay later (BNPL) loans for big-ticket items at over 4,600 U.S. stores, as reported by CNBC. This move places One in direct competition with Affirm and other Walmart partners. Following the announcement, Affirm's stock dropped by 8%, indicating market reactions to the new competition. Analysts at Mizuho have commented on the situation, suggesting that concerns regarding the impact on Affirm are overblown.
Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the retailer’s more than 4,600 U.S. stores, CNBC reports. https://t.co/zKBmaLXt1v
Affirm stock drops on report Walmart-backed fintech One is launching BNPL; Mizuho says 'concerns overblown' https://t.co/dMHujGARL2 https://t.co/dLZj0tkjFb
Reports $WMT $AFRM news is from 2022: Walmart-backed fintech startup plans to launch its own buy now, pay later loans https://t.co/TvWMJHb0wp
new @CNBC exclusive w/@melissa_repko : @Walmart-backed fintech One has begun BNPL loans as it readies a broader lending push, putting it in direct competition w/ @Affirm & other WMT partners. Shares of Affirm sinking 8% 📈 https://t.co/V8FGQl0YAt
$WMT Walmart's majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items Vs $AFRM
$AFRM: Affirm down 5% after report on Walmart-backed fintech One offering BNPL loans $WMT
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending $WMT $AFRM https://t.co/c71TtKsigm
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending https://t.co/M7pLfl3Oc7