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Affirm, Shopmonkey Partner to Revolutionize Auto Repair Payments

Maham Fatima

Sat, Jun 28, 2025, 12:29 PM 2 min read

Affirm Holdings Inc. (NASDAQ:AFRM) is one of the best software infrastructure stocks to invest in. On June 25, Affirm Holdings announced a partnership with Shopmonkey that makes Affirm a default pay-over-time option for thousands of auto shops using Shopmonkey’s payment processing solution in both the US and Canada. This allows customers to split their auto repair bills into flexible biweekly or monthly payment plans, with interest rates as low as 0% APR, and notably, no late or hidden fees.

The initiative aims to empower small to medium-sized auto shops by providing their customers with more accessible payment options. Car owners in the US typically spend ~$800 annually on vehicle maintenance. Affirm’s share price has already seen a 40% increase over the past quarter, which shows strong investor confidence.

Affirm, Shopmonkey Partner to Revolutionize Auto Repair Payments

An entrepreneur launching her new brand on the company's platform, looking confident and joyful.

The sentiment is further fueled by Affirm’s return to profitability in its latest earnings report and its expanding partnerships with major companies like Costco and Williams-Sonoma in Canadian markets. Over the past 3 years, Affirm’s total shareholder return soared by 248.32%, outperforming the broader US Market and the Diversified Financial industry over the last year.

Affirm Holdings Inc. (NASDAQ:AFRM) operates a payment network in the US, Canada, and internationally. Shopmonkey is a cloud-based auto shop management platform.

While we acknowledge the potential of AFRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.