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Why Shares of Affirm Rose Today

·2-min read

Shares of the buy now, pay later (BNPL) company Affirm (NASDAQ: AFRM) rose nearly 4% Tuesday for no obvious reason, although there are a few things that could have driven the move. Earlier today, the e-commerce company BigCommerce (NASDAQ: BIGC) announced that it had expanded its partnership with Affirm to be BigCommerce's "pay-over-time solution partner." The multiyear deal will allow merchants on BigCommerce's platform to use Affirm's solutions at checkout and offer customers a range of options for how they pay off purchases.