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Affirm Soars on Amazon Partnership to Split Up Big Purchases
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Affirm Holdings Inc. surged in post-market trading after entering a partnership with Amazon.com Inc. to help consumers finance large purchases made on the e-commerce giant’s website.
The tie-up will let Amazon customers pay off splurges greater than $50 in monthly installments, Affirm said Friday in a statement. The companies already began testing with select customers and will make the option more broadly available in the coming months.