(Reuters) –Affirm Holdings Inc announced quarterly revenue that was higher than Wall Street estimates Wednesday. This resulted from an increase in active consumers and merchants, as well as increased volumes of goods being sold via its buy now-pay later (BNPL), platform.

As homebound customers began to shop online and use pay-late options to save money, the BNPL market has seen a boom in recent years.

Merchants pay a commission to BNPL companies when they offer small point-of-sale loans that are interest-free and paid back over time.

The total revenue increased to $269.4million in the quarter, up from $173.9million one year prior. Refinitiv data shows that analysts were anticipating revenue of $248.23million on average.

Common stockholders suffered a net loss of $1.13 per share in the three-month period ending Sept. 30, 2021. This compares to an annual loss of six cents per share.

Gross merchandise volume (GMV), which is the total amount of goods that were sold on Affirm’s BNPL platform through Affirm, rose 84% and reached $2.7 billion.

Affirm has more active consumers than ever before, at 8.7 Million. Merchants registered on the platform have risen to 102,000, from only 6,500 one year prior.