Affirm Holdings, Inc.

Affirm Holdings, Inc.
Company typePublic
ISINUS00827B1061
Industry
Founded2012; 12 years ago (2012)
FoundersMax Levchin, Nathan Gettings, Jeffrey Kaditz, Alex Rampell
Headquarters
San Francisco, CA
,
U.S.
Area served
U.S., Canada, U.K.
Key people
Products
List of products
  • Adaptive Checkout
  • Split Pay
  • Affirm Card
  • Affirm Money Account
Services
RevenueIncrease US$2.32 billion (2024)
Negative increase US$−616 million (2024)
Negative increase US$−518 million (2024)
Total assetsIncrease US$9.52 billion (2024)
Total equityIncrease US$2.73 billion (2024)
Members
  • Increase 19.5 million users
  • Increase 323,000 merchants
 (2024)
Number of employees
2,006 (2024)
Websitewww.affirm.com Edit this at Wikidata
Footnotes / references
Financials as of June 30, 2024.[1]
Members as of September 30, 2024.[2]

Affirm Holdings, Inc. is an American technology company offering financial services to shoppers and merchants.[3][4][5] Founded in 2012 by PayPal co-founder Max Levchin,[6] it is the largest U.S. based buy now, pay later lender.[7][8][9] As of 2024, Affirm reports nearly 19.5 million users, processing $26.6 billion in payments annually.[1][10][11]

Affirm offers unsecured installment loans at the point of sale through various methods. These include payment links at online checkout, payment options at self-checkout kiosks, integration into third-party digital wallets, and virtual or physical cards. The company generates revenue by applying a service fee to sellers, charging interest to borrowers, or both, and does not charge a late fee.[12][13][14] Affirm also offers a savings account and a debit card. The company says its loan underwriting involves evaluating transactions by considering credit scores and other pertinent factors, while also incorporating machine learning.[15][16]

  1. ^ a b "Affirm Holdings Form 10-K". U.S. Securities and Exchange Commission. August 28, 2024.
  2. ^ Cite error: The named reference 10Q-Q12025 was invoked but never defined (see the help page).
  3. ^ Farrell, Maureen; Lombardo, Cara (2020-12-12). "Affirm Postpones Its Initial Public Offering". The Wall Street Journal. Retrieved 2024-08-28.
  4. ^ Cite error: The named reference :21 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference :8 was invoked but never defined (see the help page).
  6. ^ Sen, Anirban (2021-01-06). "Fintech startup Affirm aims for over $9 bln valuation in U.S. IPO". Reuters.
  7. ^ Cite error: The named reference :4 was invoked but never defined (see the help page).
  8. ^ Cite error: The named reference :5 was invoked but never defined (see the help page).
  9. ^ Cite error: The named reference :6 was invoked but never defined (see the help page).
  10. ^ "Affirm Stock Soars 31.9%: A Signal for Investors to Hold Tight?". Yahoo Finance. 2024-08-30. Retrieved 2024-09-03.
  11. ^ PYMNTS (2024-11-07). "Affirm CEO Says They Own Half of US Pay Later Revenue". PYMNTS.COM. Retrieved 2024-11-08.
  12. ^ Cite error: The named reference :9 was invoked but never defined (see the help page).
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