Affirm Stock
Fintech company offering installment loans at the point of sale
About Affirm Stock
Affirm is a financial technology services company that offers installment loans to consumers at the point of sale. The company’s product allows consumers to buy goods or services offered by online merchants and pay off those purchases in fixed monthly payments, with an APR based on a consumer's credit check. Its users can select Affirm as their payment method at checkout, fill out fields for real-time decisions, choose the payment plan that fits their budget, and process their order. The company also claims to reach a broader population of consumers through technology and analytics that look beyond traditional FICO scores. Affirm makes loans in partnership with originating bank partner Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC.
Affirm was incorporated in 2012 and is based in San Francisco, California.
Example Affirm Installment Loans
Source: Bloomberg; Crunchbase; Affirm
Investors
Andreessen Horowitz
Lyft, Airbnb, Magic Leap, Instacart, Pinterest, Slack, Rappi, Dollar Shave Club, Jawbone, Stripe
Caffeinated Capital
Founders Fund
Lyft, Spotify, Airbnb, SpaceX, Palantir Technologies, Wish, Compass, Flexport, Oscar Health, Stripe
GIC
Alibaba, OakNorth, Affirm, Square, ChargePoint, Matterport, Ancestry, Nio
Khosla Ventures
Palantir Technologies, DoorDash, Instacart, View, Opendoor, Oscar Health, Katerra, Impossible Foods, Jawbone, Stripe
Lightspeed Venture Partners
Snap, AppDynamics, Epic Games, LivingSocial, Affirm, Rubrik, Nutanix, ThoughtSpot, Guardant Health, TripActions
Morgan Stanley
Flipkart, SoFi, Affirm, Domo, Lookout, NJOY, Foursquare, SurveyMonkey, Doximity, Rocket Lawyer
Ribbit Capital
Nubank, Robinhood, Affirm, Coinbase, Gusto, Funding Circle, Brex, LendingHome, Earnin, Upgrade
Spark Capital
Slack, Affirm, Fundbox, Marqeta, Clover Health, InVisionApp, Plaid, Discord, Warby Parker, Rover
Funding History
| July 2012 | $7.5M |
|---|---|
| December 2013 | $26.0M |
| March 2015 | $79.8M |
| April 2016 | $140M |
| December 2017 | $243M |
| March 2019 | $317M |
Management
Co-founder & CEO
Max Levchin
CTO
Libor Michalek
Press
Wall Streets Journal - Sep, 28 2019
Forbes - Sep, 27 2019
TechCrunch - Sep, 12 2019
TechCrunch - Jun, 11 2019
TechCrunch - Feb, 27 2019
Barron's - Nov, 23 2018
Cheddar - Nov, 19 2018
Institutional Investor - Nov, 13 2018
PaymentsSource - Nov, 13 2018
Business Wire (press release) - Nov, 13 2018
DigitalCommerce360 - Oct, 4 2018
hollywoodreporter - Apr, 23 2018
thestate - Apr, 3 2018
prnewswire - Apr, 2 2018
arkansasonline - Mar, 24 2018
twincities - Mar, 22 2018
Inc.com - Dec, 18 2017
PYMNTS.com - Dec, 5 2017
Business Wire (press release) - Nov, 30 2017
VatorNews - Nov, 17 2017
Other Companies
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Some data provided by Crunchbase
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