Founded by Max Levchin, Affirm is an online lender that entered the debit market four years ago with a card that allowed customers to make payments over time.
The business is enabling banks to provide that service to their clients.
The fintech company will be able to provide the pay-over-time service to its banking clients and their millions of individual consumers thanks to a partnership with FIS, which began the buy now, pay later business (BNPL) movement.
Source (CNBC)
