Affirm partners with Mattress Firm for flexible payments

SAN FRANCISCO - Affirm (NASDAQ: AFRM), a payment network known for empowering consumers and currently valued at $17.4 billion, has announced a partnership with Mattress Firm, the nation’s leading mattress specialty retailer. According to InvestingPro data, Affirm has demonstrated impressive revenue growth of 42.5% over the last twelve months, positioning it strongly in the fintech sector. This collaboration introduces the option for customers to use Affirm’s payment solutions to make purchases at over 2,200 Mattress Firm locations and online, aligning with the retailer’s Memorial Day sale.

Customers can now access Affirm’s payment options in-store through a link sent to their smartphone or online at checkout. The process includes a brief eligibility check, after which approved shoppers are presented with biweekly or monthly payment plans, some offering 0% APR and free of late or hidden fees.

George Hanson, Mattress Firm’s Chief Digital Officer, expressed the company’s commitment to enhancing customer experience by offering a more flexible payment method, especially during significant sales events. Pat Suh, SVP of Revenue at Affirm, echoed this sentiment, highlighting the importance of quality sleep and the added value of transparent payment options for consumers.

Mattress Firm aims to assist customers in finding the right sleep solutions through personalized service, offering a wide range of leading brands. The company also engages in charitable partnerships, such as with the National Women’s Shelter Network, to address broader social issues.

Affirm’s mission revolves around trust and transparency, providing financial products without hidden fees, differentiating itself from traditional credit options. The partnership with Mattress Firm is a step towards expanding their service to a larger customer base, offering a "better way to pay."

This new payment option is subject to eligibility and is provided by Affirm’s lending partners, as detailed on their website. The information for this article is based on a press release statement. InvestingPro analysis indicates that Affirm maintains a strong financial position with a current ratio of 13.47, suggesting robust liquidity to support its expanding operations. While the company’s stock has shown significant volatility, it has delivered an impressive 61.3% return over the past year. For deeper insights into Affirm’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering this and 1,400+ other top US stocks.

In other recent news, Affirm Holdings Inc. has seen several developments that may interest investors. The company’s third-quarter fiscal year 2025 results were slightly below some investor expectations, yet largely aligned with Wall Street projections. Despite this, BMO Capital Markets raised Affirm’s price target to $64, citing strong execution against market expectations. Meanwhile, Wells Fargo reiterated an Overweight rating with a $67 price target, highlighting Affirm’s robust revenue potential and stable credit performance. Mizuho Securities adjusted their price target from $84 to $70, maintaining an Outperform rating and expressing optimism about Affirm’s resilience during economic downturns. JPMorgan also revised its price target to $69 from $74, while noting Affirm’s accelerating Gross Merchandise Volume growth. Additionally, Affirm announced a new partnership with World Market to offer flexible payment options, expanding its network of over 358,000 retail partners. This collaboration aims to provide customers with more payment flexibility, aligning with Affirm’s mission to offer transparent pay-over-time solutions.

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