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Affirm Has Been Another Casualty of the Rapidly Rising Interest Rate Environment

Affirm Has Been Another Casualty of the Rapidly Rising Interest Rate Environment

Consumer finance companies have been ravished by the rapidly rising interest rate environment, and the trend showed no signs of letting up for the buy now, pay later (BNPL) company Affirm (NASDAQ: AFRM). Affirm also provided guidance for its full fiscal year of 2023, which also came in below analyst estimates.