Affirm Holdings, Inc. (AFRM) saw its stock plummet 6.68% in pre-market trading, reflecting broader concerns in the fintech sector and a challenging economic outlook. The "buy now, pay later" lender is among several fintech companies facing significant headwinds in the current market environment.

The sharp decline comes as the fintech industry grapples with multiple challenges. Renewed inflation worries, sparked by President Trump's announcement of reciprocal tariffs on U.S. trade partners, have cast a shadow over consumer spending. Additionally, fears of an economic slowdown or potential recession are dampening enthusiasm for consumer loan-focused companies like Affirm.

Analysts are becoming increasingly cautious about the fintech sector. Goldman Sachs has highlighted a "cloudier" macroeconomic picture for fintechs overall, citing concerns about consumer spending, inflation expectations, and potential negative wealth effects. This pessimistic outlook is likely contributing to Affirm's pre-market slide, as investors reassess the company's growth prospects in a potentially tightening economic environment.