Affirm (company)

Affirm (company)

Affirm is a financial technology services company offering installment loans to consumers at the point of sale.

Affirm offers online shoppers the ability to pay for goods in installments through short-term loans. The option to finance purchases with Affirm appears on the websites of thousands of merchants ranging from Walmart Inc. to Expedia Group Inc.

Timeline

September 2020
Affirm raises a $500,000,000 series G round from Founders Fund, Lightspeed Venture Partners, Spark Capital, GIC Pte Ltd, Wellington Management Company, Durable Capital Partners, Fidelity Management & Research Company and Baillie Gifford.
September 2020
Affirm raises a $500,000,000 series G round from Founders Fund, Lightspeed Venture Partners, Spark Capital, GIC Pte Ltd, Durable Capital Partners, Fidelity Management & Research Company, Baillie Gifford and Wellington Managment.
September 2020
Affirm raises a $500,000,000 series G round from Founders Fund, Lightspeed Venture Partners, Spark Capital, GIC Pte Ltd, Durable Capital Partners, Fidelity Management & Research Company, Baillie Gifford and Wellington Managment.
April 3, 2019
Affirm raises $300m in Series F

The round was led by Thrive Capital. Other investors include Sound Ventures, Fidelity, Wellington Management, and Baillie Gifford. This round brings total financing to about $800m. Affirm's valuation was brought to $2.9b.

April 2019
Affirm raises a $300,000,000 series F round from Founders Fund, Sound Ventures, Thrive Capital, Fidelity International, Khosla Ventures and Baillie Gifford.
December 11, 2017
Affirm raises a $200,000,000 series E round from Founders Fund, Lightspeed Venture Partners, Caffeinated Capital, Spark Capital, GIC Pte Ltd, Ribbit Capital, Khosla Ventures and GGV Capital.
December 2017
Series E $200m
October 13, 2016
Affirm raises a $1,000,000,000 venture round from Morgan Stanley.
April 13, 2016
Affirm raises a $100,000,000 series D round from Founders Fund, Lightspeed Venture Partners, Caffeinated Capital, Spark Capital, Andreessen Horowitz, Jefferies and Khosla Ventures.
May 6, 2015
Affirm raises a $275,000,000 series B round from Lightspeed Venture Partners, Spark Capital, Andreessen Horowitz, Jefferies and Khosla Ventures.
Page 1 of 2

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Affirm funding round, April 2019
300,000,000
April 2019
11 Results
Results per page:
Page 1 of 1

People

Name
Role
LinkedIn

Aaron Ligon

Employee

Alexander Haniotis

Employee

Alexis Zhu

Employee

Amruth Venkatraman

Employee

Andrew Qian

Employee

Andrew Waterman

Employee

Andy Huang

Employee

Arman Madani

Employee

Artem Shnayder

Employee

Asi Behar

Employee

Bailey Douglass

Employee

Benjamin Feldman

Employee

Brad Selby

Employee

Caroline Way

Employee

Charlie Songhurst

Investor

Chris Coyoli

Employee

Chris Faught

Employee

Chuan He

Employee

Dan Kaufman

Employee

Dana Edwards

Employee

David Sacks

Investor

Dylan O'Connell

Employee

Ed Lin

Employee

Eli Bingham

Employee

Eric Kobe

Employee

Page 1 of 4

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Tips on TV
March 3, 2021
www.prnewswire.com:443
/PRNewswire/ -- The New Year brings hope for better times and improved finances. That is why this is the ideal time to take stock of personal financial health...
Hayley Cuccinello
March 1, 2021
Business Insider
Katapult is a lease-to-own platform that allows consumers rejected by lenders buy couches, tires, and other goods in installments.
Steve O'Hear
March 1, 2021
TechCrunch
Klarna, the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. That sees the company retain the crown as the highest valued private fintech in Europe. Backers of this round are said to be combination of new and existing investors, while [...]
Matt Gaughan
March 1, 2021
Business Insider
Affirm could expand into additional product categories through its incremental approach to banking--putting it in competition with other challengers.
Steve O'Hear
March 1, 2021
TechCrunch
Klarna, the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. That sees the company retain the crown as the highest valued private fintech in Europe. Backers of this round are said to be combination of new and existing investors, while [...]
Walter Thompson
February 26, 2021
TechCrunch
When I needed a new sofa several months ago, I was pleased to find a buy now, pay later (BNPL) option during the checkout process. I had prepared myself to make a major financial outlay, but the service fees were well worth the convenience of deferring the entire payment. Coincidentally, I was siting on said [...]
Alex Wilhelm
February 26, 2021
TechCrunch
To better understand what's going on with the companies hoping to help you finance your next mistaken purchase, let's check out earnings results from Klarna, Afterpay and Affirm.
Ryan Wangman and Sheryl Nance-Nash
February 19, 2021
Business Insider
It's tempting to "buy now, pay later" when shopping online, and point-of-sale loans like Affirm and Klarna are making it easier than ever.
Sophia Kunthara
February 18, 2021
Crunchbase News
Another year, another list.
Adriana Nunez
February 16, 2021
Business Insider
Affirm's fiscal Q2 2021 earnings were elevated from the BNPL boom--the company reported a surge in gross merchandise volume and active customers.
Shannen Balogh
February 14, 2021
Business Insider
Affirm, the buy now, pay later fintech, reported its first quarterly earnings on Friday after its January IPO.
Callum Burroughs
January 25, 2021
Business Insider
Fintech startups are breaking funding records and hitting crazy new valuations but the sector could be forming into a bubble.
Mary Meisenzahl and Kate Taylor
January 20, 2021
Business Insider
CEO Mike Lindell told Insider the decision was because of "cancel culture," while Affirm did not offer a reason.
Alex Wilhelm
January 16, 2021
TechCrunch
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It's broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Click here if you want it in your inbox every Saturday morning. Ready? Let's talk money, startups and spicy IPO rumors. It was yet another week of startups [...]
Natasha Mascarenhas
January 16, 2021
TechCrunch
A failed acquisition usually triggers the same series of questions: What does this mean for early-stage startups in the sector? Will a chilling effect occur and hurt valuations? Will VCs stop funding this category? How will the exit environment look going forward? This week gave that narrative a bullish twist. Visa and Plaid announced that [...]
Berber Jin
January 15, 2021
Business Insider
Liew says his intellectual affinity with Affirm's founder Max Levchin helped him beat out rivals and lead the startup's first institutional round.
Will Daniel
January 14, 2021
Business Insider
Affirm shares are jumped as much as over 31% on Thursday in its second day of trading following a $1.2 billion IPO.
X1 Card
January 14, 2021
www.prnewswire.com:443
/PRNewswire/ -- X1 today announces a $12 million investment led by Spark Capital with participation from Jared Leto, Box CEO Aaron Levie, Yelp CEO Jeremy...
Dan DeFrancesco
January 14, 2021
Business Insider
The top finance stories for January 14, including the latest news on what to expect when bank earnings are reported.
Anthony Ha
January 13, 2021
TechCrunch
Airbnb takes a big step to avoid violence at the inauguration, Intel gets a new CEO and Affirm goes public. This is your Daily Crunch for January 13, 2021. The big story: Airbnb cancels all DC bookings during inauguration week Airbnb said today that "in response to various local, state and federal officials asking people [...]
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References

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