RTTNews | Aug 30, 2021 06:55AM EDT

06:54 Monday, August 30, 2021 (RTTNews.com) - Shares of fintech company Affirm Holdings are up 37 percent in pre-market trade following its deal with Amazon.com.

Affirm had on Friday announced that its flexible payment solution will soon be available to Amazon.com customers. The flexible solution which is being tested with select customers now would be made available to more customers in the coming months.

Affirm already has a relationship with several big and small e-commerce players.

The tie-up would enable Affirm's alternative to credit cards to be offered to the millions who shop on Amazon.com in the U.S. Amazon customers would have the option at checkout to split the total cost of purchases of $50 or more into simple monthly payments by using Affirm.

California-headquartered Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States and Canada. The platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.

Affirm has traded in the range $46.50-$146.90 since its listing in January, 2021. The shares are currently trading at $93.09, up $25.019 or 37.10 percent from previous close.

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