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- Affirm just bodied Wall Street 💥
Affirm just bodied Wall Street 💥
with $69M profit and revenue jump to 33%....
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
💳 Affirm’s monster quarter and AI boost
📈 Eurozone inflation sneaks higher
🎤 Fintech leaders debate BNPL trust
Affirm, the “buy now pay later” company, just crushed Wall Street’s expectations, leaving rivals like Klarna scratching their heads.
🚨 Breaking News
Affirm earned $69M profit, revenue jumped 33% to $876M, and card usage exploded, all despite losing Walmart to Klarna.
⚡Wire Simplified
Earnings doubled forecasts at 20 cents a share.
Revenue up 33% from last year.
Card GMV grew 132% to $1.2B.
Active cardholders doubled to 2.3M.
AI tool AdaptAI boosted merchant sales by 5%.
✔️ Straight to the Point
Affirm is flexing with strong growth, AI-powered sales, and new retail partners. Klarna might IPO, but Affirm is not slowing down.
🎤 Who will dominate BNPL in 2026? |
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Europe’s central bankers are watching inflation like hawks. August showed a tiny uptick, but not enough to panic yet.
🚨 Breaking News
Eurozone inflation rose slightly to 2.1% in August, just above the ECB’s 2% target, while services inflation eased to 3.1%.
⚡Wire Simplified
Headline inflation: 2.1% vs. 2% target.
Core inflation steady at 2.3%.
Services inflation dropped to 3.1%.
ECB likely to keep rates at 2%.
Euro fell 0.6% against the dollar.
✔️ Straight to the Point
Inflation is stable but sticky. The ECB seems happy to pause rate hikes, betting Europe’s recovery and trade deal will hold.
Something I just told a founder: Stay as small as you can for as long as you can. People who come to visit your office should always be surprised that such an important company has so few employees.
— Paul Graham (@paulg)
4:36 AM • Sep 2, 2025
Experimenting with AI voice agents using native speech-to-speech models (e.g. gpt-realtime) makes me wonder if we'll increasingly want other parts of our systems (and 3rd party services) to deal natively with audio.
— Matt Collins (@mattcollinsuk)
9:21 AM • Sep 1, 2025
London FinTech Summit 2025
The UK’s premier fintech conference featuring keynotes, panels, and networking with Europe’s top fintech leaders.
Date: Oct 6–7, 2025 | Location: London, UK
22nd NextGen Payments & RegTech Forum 2025
A major European forum focused on payments and regulatory technology, bringing together banks, fintechs, and policymakers.
Date: Nov 6, 2025 | Location: Limassol, Cyprus
What do you think about today’s edition? |
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