Pulse of the Market: Wednesday’s 10 Top Performers

4. Affirm Holdings Inc. (NASDAQ:AFRM)

Affirm rebounded by 9.18 percent on Wednesday to end at $47.71 apiece as investors hunted for bargains following a two-day losing streak, dampened by news that it was unseated by a Swedish firm as the exclusive provider of installment loans at Walmart stores in the US.

On Monday, Swedish AI-powered payments and commerce network firm Klarna said that it bagged a partnership agreement with Walmart to provide Buy Now, Pay Later (BNPL) promotions to its customers, a program that AFRM has been offering to the retailer since 2019.

Klarna said it would partner with OnePay, a leading consumer finance app, to exclusively offer installment loans for purchases for Walmart stores in the US.

Following the agreement, customers will expect to see Klarna installment loan options in Walmart’s checkout channels in the next few weeks.

Meanwhile, AFRM said that it was expanding its credit reporting to Experian beginning April 1, 2025, to include all of AFRM’s pay-over-time products as it seeks to help drive greater transparency and responsible lending.

“The industry-leading move will enable consumers and lenders to make more informed decisions and help consumers build their credit histories,” it said.