Affirm Holdings

Affirm Holdings, Inc. is an American public company founded by PayPal co-founder Max Levchin in 2012. It is a fintech company with a buy now, pay later service for online and in-store shopping. Affirm leads the U.S. buy now, pay later sector, reporting over 17 million users and US$20.2 billion annual GMV as of 2023.

Affirm Holdings, Inc.
Company typePublic
Traded as
  • Nasdaq: AFRM (Class A)
  • Russell 1000 component
IndustryFinance
Founded2012 (2012)
Founders
  • Max Levchin
  • Nathan Gettings
  • Jeffrey Kaditz
  • Alex Rampell
Headquarters650 California Street,
San Francisco, California
,
U.S.
Area served
USA, Canada
Key people
Max Levchin
Products
  • Adaptive Checkout
  • Split Pay
  • Affirm Card
Services
Revenue US$1.59 billion (2023)
US$−1.2 billion (2023)
Net income
 US$−985 million (2023)
Total assets US$8.16 billion (2023)
Total equity US$2.53 billion (2023)
Members17 million consumers, 279,000 merchants (2023)
Number of employees
2,171 (2023)
Websitewww.affirm.com
Footnotes / references
Financials as of June 30, 2023

Affirm offers its consumer lending solutions through various methods, including a payment link at online checkout, a virtual card, or a physical card. The company generates revenue by applying a service fee to merchants, charging interest to consumers, or both. Affirm states that its loan underwriting process involves evaluating transactions by considering credit scores and other pertinent factors, while also incorporating machine learning.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.