Affirm Holdings
U.S. financial services company / From Wikipedia, the free encyclopedia
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Affirm Holdings, Inc. is an American listed company founded by PayPal co-founder Max Levchin in 2012.[2] It is a fintech company with a buy now, pay later service for online and in-store shopping. Affirm tops the U.S. buy now, pay later sector,[3][4][5] reporting over 18 million users and US$20.2 billion annual GMV as of 2023.[6][7][8]
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Company type | Public |
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Industry | Finance |
Founded | 2012; 12 years ago (2012) |
Founders |
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Headquarters | 650 California Street, , U.S. |
Area served | USA, Canada |
Key people | Max Levchin |
Products |
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Services |
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Revenue | US$1.59 billion (2023) |
US$−1.2 billion (2023) | |
US$−985 million (2023) | |
Total assets | US$8.16 billion (2023) |
Total equity | US$2.53 billion (2023) |
Members | 18.1 million consumers, 292,000 merchants (2024) |
Number of employees | 2,171 (2023) |
Website | www |
Footnotes / references Financials as of June 30, 2023[update][1] |
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.[9][10] Affirm states that its loan underwriting process involves evaluating transactions by considering credit scores and other pertinent factors, while also incorporating machine learning.[11][12]