$(AFRM)$
Affirm today released the following statement in connection with Silicon Valley Bank (SVB) being entered into receivership by the Federal Deposit Insurance Corporation:
"SVB is not a funding partner or an originating bank partner to Affirm. We do not consider SVB's receivership to present any meaningful risk to Affirm."
AFRM is headed to $20 eow. They’re offering alternative to credit with buy now pay later mechanisms and innovative payment solutions the banks can’t offer. It’s a perfect time for them to shine.
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