Affirm, a more flexible and transparent alternative to credit cards, today announced it has completed its previously announced acquisition of PayBright, one of Canada’s leading buy-now-pay-later providers.
This combination creates a payment solutions platform with expanded scale and reach, resulting in a larger, more diverse merchant and consumer network across the United States and Canada.
“We welcome the PayBright team to Affirm and look forward to leveraging our highly complementary merchant relationships and cultural values,” said Max Levchin, CEO and founder of Affirm. “Together, we are well-positioned to provide even more consumers with increased control and flexibility in their purchasing decisions and to bring merchants more opportunities to accelerate their businesses.”
“The PayBright team is excited to join forces with Affirm and bring the best of both companies to merchants and consumers,” said Wayne Pommen, the President and CEO of PayBright, who becomes Senior Vice President, Canada as part of the Affirm organization. “With this combination, we can take Buy Now, Pay Later to a much larger scale in Canada across all retail channels.”