Affirm Reports 43% GMV Growth, Forecasts 25% Increase for New Fiscal Year
The buy-now-pay-later provider posted $10.4 billion in gross merchandise volume last quarter and projects continued growth in the year ahead.
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Terms & Concepts
Gross Merchandise Volume (GMV): The total value of merchandise sold through a platform over a given period, often used as a measure of business scale and growth.
Buy Now, Pay Later (BNPL): A payment model allowing consumers to purchase goods or services and pay for them over time, often without interest for a set period.