Affirm Holdings Inc. (AFRM) saw its stock price soar by 5.04% during intraday trading on Thursday.
The significant upward movement follows the announcement of a new partnership between Affirm and H&R Block Canada. The collaboration will allow eligible Canadian tax filers to use Affirm's pay-over-time options to pay for professional tax preparation services. Clients will be able to split their payments into transparent installments with no late fees, hidden charges, or compounding interest.
This expansion into tax services represents a strategic move for Affirm to grow its user base and transaction volume in the Canadian market, with availability at participating H&R Block offices and online access coming soon.