Advertisement
Canada markets open in 5 hours 11 minutes

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7268
    +0.0004 (+0.06%)
     

  • CRUDE OIL

    83.04
    +0.31 (+0.37%)
     

  • Bitcoin CAD

    89,081.71
    +5,102.61 (+6.08%)
     

  • CMC Crypto 200

    1,330.18
    +17.56 (+1.34%)
     

  • GOLD FUTURES

    2,396.60
    -1.40 (-0.06%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • NASDAQ futures

    17,407.50
    -139.75 (-0.80%)
     

  • VOLATILITY

    20.38
    +2.38 (+13.21%)
     

  • FTSE

    7,830.02
    -47.03 (-0.60%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6822
    +0.0001 (+0.01%)
     

Canada's Shopify partners with lending startup Affirm

Reuters
·1 min read

(Reuters) - Lending startup Affirm said on Wednesday it will partner with Shopify Inc <SHOP.TO> in the United States to let the Canadian e-commerce company's shoppers pay in installments.

Shopify's Shop Pay users will have an option to split their total purchase amount into four equal, bi-weekly, interest-free payments, Affirm said in a statement.

The San Francisco-based startup is led by founder Max Levchin, an entrepreneur and investor who co-founded PayPal Holdings Inc <PYPL.O>, where he helped pioneer online payments in the dot-com era.

Affirm offers financing for online purchases, such as a couch or a guitar, which is paid back in monthly installments.

ADVERTISEMENT

The startup said it will start testing the Shop Pay installments with Shopify in the coming months and expects it to be available to eligible U.S. merchants starting later in the year.

(Reporting by Nilanjana Basu in Bengaluru; Editing by Ramakrishnan M.)