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![VcircleFuture Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1748036376808034304.png) V.C.F. [@VcircleFuture](/creator/twitter/VcircleFuture) on x XX followers
Created: 2025-07-17 18:57:00 UTC

$AFRM is making waves in BNPL again 💳📈

Deutsche Bank highlights:
✅ >30% GMV growth
✅ solid credit controls (short loans + adaptive underwriting)
✅ Affirm Card now ~9% of GMV and gaining steam
✅ optionality in going global + tighter merchant integrations

but the bull case comes with caveats:
⚠️ partner concentration risk ($AMZN, $SHOP)
⚠️ fintech-style rev streams = valuation pressure
⚠️ global players entering the arena

investors are watching X things:
-can $AFRM keep share?
-will credit quality hold in a downturn?
-can the card really scale?

for now, Affirm is still running the playbook—but the clock’s ticking ⏱️


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945920689086603501/c:line.svg)

**Related Topics**
[amzn](/topic/amzn)
[rev](/topic/rev)
[steam](/topic/steam)
[mergers and acquisitions](/topic/mergers-and-acquisitions)
[$afrm](/topic/$afrm)
[$db](/topic/$db)
[stocks financial services](/topic/stocks-financial-services)
[stocks banks](/topic/stocks-banks)

[Post Link](https://x.com/VcircleFuture/status/1945920689086603501)