Affirm Holdings Chairman and CEO Max Levchin told CNBC that despite the market’s poor performance this year, U.S. consumers – and Affirm’s customers – are spending healthily.

The U.S. consumer remains healthy and active. The American consumer is shopping, buying and paying off their loans. At least, that’s what Affirm says. In general, all things seem to be going well, and the turmoil in stock markets doesn’t seem to have an effect on our underwriting business, which is doing really, really good,” Levchin told Affirm on Thursday evening. “Mad Money.”

The Shares of the Affirm rose more than 20% to around $22.50 on Friday, the day after the buy-now, pay-later lender’s latest quarterly earnings report, which saw a smaller-than-expected loss. Affirm reported that its top-line expectations were also exceeded and it plans to extend its partnership with Shopify.

We’ve always been the preferred partner to these great American companies, and have done very well. That’s where all our growth comes from, that said, we also have a fantastically-well growing program … a merchant self-service,” Levchin said, noting that Affirm also has partnerships with Walmart Amazon.

Affirm was opened on Friday at $25 per share. This is down by 85% from November’s record $176.65, however.

Affirm is yet to release its fiscal-year outlook for 2023 or guidance for the full year. They will provide these numbers in the next earnings report.

The founder of Affirm, Levchin still seemed bullish on the company’s prospects for growth.

Some of our competition have recently published their 15% annual growth rates. Others aren’t public, so I don’t know. He said that you can see my numbers and how we are doing with very high quality revenue. It is also a good year for economics. Everybody should consider switching to pay later, buy now.