Affirm Stock
Fintech company offering installment loans at the point of sale
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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, Robinhood, Databricks, Airbnb, Instacart, Stripe, Magic Leap, Anduril Industries, Rappi, CoinSwitch Kuber
Caffeinated Capital
Airtable, Opendoor, Affirm, Brex, SingleStore, Boom Supersonic, Divvy Homes, Virta Health, Mercury, CloudTrucks
Founders Fund
Lyft, Spotify, Airbnb, Stripe, Anduril Industries, Flexport, Palantir Technologies, Wish, Compass, Zenefits
GIC
Flipkart, Alibaba, Ola, Rappi, Devoted Health, Affirm, Brex, SambaNova Systems, OakNorth, Square
Khosla Ventures
Instacart, Stripe, DoorDash, Impossible Foods, Palantir Technologies, View, Zenefits, Eat Just, Opendoor, Faire
Lightspeed Venture Partners
Snap, OYO, AppDynamics, TripActions, Faire, Affirm, Netskope, LivingSocial, Weee!, ThoughtSpot
Morgan Stanley
Flipkart, SoFi, Magic Leap, Affirm, Domo, Lookout, Foursquare, Overtime, Rocket Lawyer, AtScale
Ribbit Capital
Robinhood, CoinSwitch Kuber, Nubank, Affirm, Brex, Gusto, Coalition, Coinbase, Razorpay, Chainalysis
Spark Capital
Anduril Industries, Slack, Affirm, MessageBird, Discord, Rapyd, Plaid, Cybereason, Plume Design, Deel
Funding History
| July 2012 | $7.5M |
|---|---|
| December 2013 | $26.0M |
| March 2015 | $72.8M |
| April 2016 | $138M |
| December 2017 | $243M |
| March 2019 | $308M |
| September 2020 | $75.3M |
| September 2020 | $464M |
Management
Co-founder & CEO
Max Levchin
CTO
Libor Michalek
Press
Wall Streets Journal - Sep, 28 2019
Eyeing That Sweater? It’s Yours in Four Easy PaymentsForbes - Sep, 27 2019
PayPal Makes It Easy To Shop Ahead Of The Holiday SeasonTechCrunch - Sep, 12 2019
Max Levchin’s Affirm seeks capital amid surge in fintech fundingTechCrunch - Jun, 11 2019
Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen HorowitzTechCrunch - Feb, 27 2019
Affirm’s latest partnership brings its alternative financing to Walmart’s U.S. stores and websiteBarron's - Nov, 23 2018
How Fintech Is Reinventing the Installment LoanCheddar - Nov, 19 2018
Affirm CEO Says It's Done 'Playing in the Shadows,' Will Target Consumers DirectlyInstitutional Investor - Nov, 13 2018
Fintech Finance's Power PlayersPaymentsSource - Nov, 13 2018
PayPal co-founder's installments firm, Affirm, rebrands, gets into travelBusiness Wire (press release) - Nov, 13 2018
Fintech Company Affirm Unveils Updated Brand, New Logo and Shopping Features in Time for the HolidaysDigitalCommerce360 - Oct, 4 2018
Square takes aim at PayPal and Affirmhollywoodreporter - Apr, 23 2018
NBA Star Stephen Curry Scores Film and TV Pact With Sony (Exclusive)thestate - Apr, 3 2018
A Christian critic wrestles with new biblical films and the hope of a better 'faith-based' cinema | The Stateprnewswire - Apr, 2 2018
Max Levchin To Participate In A Keynote Fireside Chat At LendIt Fintech USA 2018arkansasonline - Mar, 24 2018
I Can Only Imagine is proof Christian films can succeedtwincities - Mar, 22 2018
‘Paul, Apostle of Christ’ portrays the early Christian community at its most fragileInc.com - Dec, 18 2017
PayPal Co-Founder Max Levchin Gave a Remarkably Honest Response to Accusations About His New StartupPYMNTS.com - Dec, 5 2017
Affirm Said To Eye $150M Capital Raise On $1.5B ValuationBusiness Wire (press release) - Nov, 30 2017
Affirm Joins Forces With Shopify Plus to Help High Growth Retailers Rapidly Scale Online Store SalesVatorNews - Nov, 17 2017
How does Affirm make money?EquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
Some data provided by Crunchbase
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