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Affirm vs. Afterpay revenue, Q1 2022 – Q3 2023
Affirm is trading at 6.2x Price/NTM Sales multiple and has a market cap of $12.98 billion. So Afterpay would be valued at something like $5-7 billion as a stand-alone company?
Apple is reportedly going to allow iPhones to start accepting contactless payments. This is huge news!
It will dramatically affect any card company and how they collect their fees – as well as companies like Square and other POS services.
Apple has reporting been working on this service since 2020, when it purchased a Canadian startup called Mobeewave. Mobeewave’s technology only needs an app and the phone’s NFC to work.
I expect that Apple will roll out such a service as part of Apple Pay.
Game changer!