Rising rates, less consumer spending may cause pain for Buy Now, Pay Later space

Jun. 10, 2022 9:56 AM ETAffirm Holdings, Inc. (AFRM), SQ, AFTPY, AFTPFAAPL, KLARBy: Max Gottlich, SA News Editor6 Comments

Futuristic dot matrix display with a Buy Now Pay Later concept written on it.

Duncan_Andison/iStock via Getty Images

Buy Now, Pay Later firms like Affirm (NASDAQ:AFRM), Block's (NYSE:SQ), Afterpay (OTCPK:AFTPF) (OTCPK:AFTPY) and Klarna (KLAR) are facing a test of being able to withstand rising

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