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Affirm Stock

Fintech company offering installment loans at the point of sale

Founded

2012

Notable Investors

Andreessen Horowitz

Headquarters

San Francisco CA, US

Total Funding

$812M

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

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

Fintech Finance's Power Players

Institutional Investor - Nov, 13 2018

Square takes aim at PayPal and Affirm

DigitalCommerce360 - Oct, 4 2018

How does Affirm make money?

VatorNews - Nov, 17 2017

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EquityZen does not have an affiliation with, formal relationship with, or endorsement from Affirm or any companies feature 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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