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Why Shopify Stock Soared Today

Joe Tenebruso, The Motley Fool
·2-min read
Why Shopify Stock Soared Today

Shares of Shopify (NYSE: SHOP) jumped 13.6% on Friday after the online retail platform extended its collaboration with buy now, pay later (BNPL) services provider Affirm (NASDAQ: AFRM). The multi-year deal keeps Affirm as Shopify's exclusive BNPL partner in the U.S. Affirm will power Shopify's Shop Pay Installments service, which has proved popular with online business owners and consumers alike. As part of the deal, Affirm will make its Adaptive Checkout product available to Shopify's merchants.

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