Affirm Holdings launches in the U.K.

Affirm Holdings (NASDAQ:AFRM) stock gained 1.4% in Monday premarket trading after the company announced the rollout of its pay-over-time financing options in the U.K., adding to its presence in the U.S. and Canada.

The move will allow the company to add to its network of more than 50M consumers and more than 300,000 active merchants, such as Amazon, Shopify, Walmart, and others.

In the U.K. Affirm (NASDAQ:AFRM) will initially offer its interest-free and interest-bearing monthly payment options. Any interest applied will be fixed and calculated only on the original principal amount.

It will roll out in the U.K. with Alternative Airlines, a flight-booking site, and Fexco, a global fintech and payments processor. The company expects additional UK and international brands to follow.