Affirm's New Deal With Alterra Mountain Company Boosts Travel Spending

Affirm Holdings, Inc AFRM announced an expanded partnership with Alterra Mountain Company.

The agreement allows eligible travelers to pay over time for Ikon Passes, local mountain passes, lodging, and lessons in the U.S. and Canada.

By choosing Affirm at checkout, consumers can split purchases into monthly payments with no hidden fees or late charges.

This partnership aims to enhance the purchase experience for Alterra’s guests and drive more value through increased payment flexibility.

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The expanded partnership positions Affirm to be available “to even more skiers and riders across the U.S. and Canada,” Affirm SVP of Revenue Pat Suh said.

Earlier in May, Affirm CEO Max Levchin noted the economy is more resilient than commonly perceived. He said consumers continue spending and utilizing flexible payment options such as Buy Now, Pay Later (BNPL). He also countered the notion that high interest rates are adversely affecting Affirm.

Affirm Holdings stock gained 95% in the last 12 months. Investors can gain exposure to the stock via Amplify Mobile Payments ETF IPAY and Global X FinTech ETF FINX.

Price Action: AFRM shares are trading lower by 0.46% at $30.00 at the last check Wednesday.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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