Affirm (company)

Affirm is a privately held financial technology company headquartered in San Francisco, United States.[1] Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase.[2][3]

Affirm
Privately held company
IndustryFinance
Headquarters
San Francisco, California
,
U.S.
Key people
Max Levchin
ProductsConsumer loans, Installment loan
Websitewww.affirm.com

History and founding

Affirm was founded in 2012 by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell[4][5][6]as part of the initial portfolio of startup studio HVF.[7] Levchin, who co-founded PayPal, became CEO of Affirm in 2014.[8]

In October 2017, the company launched a consumer app that allowed loans for purchases at any retailers.[9]

The company announced a partnership with Walmart in February 2019. Under the partnership, Affirm is available to customers in store and on the Walmart website.[10][11]

Since its founding, Affirm has partnered with e-commerce platforms including Shopify,[4] BigCommerce, and Zen-Cart.[12]

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gollark: The issue is that Warp has quite a neat combinator-based HTTP handling mechanism like you might use in, say, Haskell, and this generates horrible type errors if you do things wrong.
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References
  1. "Affirm, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2019-05-08.
  2. "Affirm: Most Innovative Company". Fast Company. Retrieved 2019-03-24.
  3. December 11, CBS News; 2018; Am, 7:46. ""Buy now, pay later": Critics concerned about new online payment plans". www.cbsnews.com. Retrieved 2019-05-08.CS1 maint: numeric names: authors list (link)
  4. KOKALITCHEVA, Kia (October 27, 2015). "Lending company Affirm takes on bricks and mortar shopping". Fortune. Retrieved 2019-03-24.
  5. Friedman, Zack. "Is PayPal Co-Founder Max Levchin Making The Next Credit Card Killer?". Forbes. Retrieved 2019-05-08.
  6. "Analytics and Software". Founders Fund. Retrieved 2020-08-03.
  7. MacMillan, Douglas (2014-06-09). "PayPal Co-Founder Max Levchin Raises $45 Million for Startup Affirm". WSJ. Retrieved 2019-03-24.
  8. D'Onfro, Jillian. "PayPal Cofounder Max Levchin Is The New CEO Of A Finance Startup That Has Quietly Raised $45 Million". Business Insider. Retrieved 2019-03-24.
  9. Cagle, Susie (2017-11-29). "Would You Take Out a Loan for a Pair of Jeans?". Racked. Retrieved 2019-03-24.
  10. Wack, Kevin (February 27, 2019). "Walmart teams with Affirm to offer point-of-sale loans". American Banker. Retrieved 2019-03-24.
  11. "Affirm's latest partnership brings its alternative financing to Walmart's US stores and website". TechCrunch. Retrieved 2019-05-08.
  12. PYMNTS (2016-11-30). "Affirm Supports Four More eCommerce Platforms". PYMNTS.com. Retrieved 2019-03-24.
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