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About
Affirm provides point-of-sale financing solutions as an alternative to traditional credit cards. It allows consumers to make purchases and pay for them over time through installment plans, often without hidden fees or deferred interest. Affirm partners with merchants to integrate its payment solutions into both online and in-store shopping experiences, using user-friendly plugins and APIs. The company earns revenue from interest and fees on the loans it provides to consumers, as well as from fees charged to merchants for offering its financing options. Affirm also offers a merchant dashboard for transaction processing and promotional tools to help businesses market these financing options effectively. The goal of Affirm is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail sectors.
Company Stage
IPO
Employees
1,001-5,000
Industries
Fintech, Financial Services
Total Funding
$1.1B
Headquarters
N/A
Founded
2012
Simplify's Take
What believers are saying
- Affirm's partnerships with major brands and events, like the Austin Marathon, enhance its visibility and consumer trust.
- The company's IPO and subsequent market performance indicate strong investor confidence and growth potential.
- Affirm's integration with Apple's new installment loan offerings could significantly expand its user base and market reach.
What critics are saying
- New CFPB regulations could impose additional compliance costs and operational burdens on Affirm, affecting profitability.
- Data breaches, such as the recent Evolve Bank incident, pose significant risks to consumer trust and data security.
What makes Affirm unique
- Affirm's seamless integration with both online and in-store shopping experiences sets it apart from other BNPL providers who may focus solely on e-commerce.
- The dual revenue stream from both consumer interest/fees and merchant fees provides a robust financial model, unlike competitors who may rely on a single revenue source.
- Affirm's user-friendly plugins and APIs make it easier for merchants to adopt their payment solutions, reducing technical barriers to entry.
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6 month growth
↑ 4%1 year growth
↑ 6%2 year growth
↓ -11%Benefits
Spending wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
Supportive communities: Get involved with our employee resource groups and community groups
Remote-first workforce: If your role is remote, you can set up shop anywhere in your home country
Generous time off: Take the time you need when life happens
Health benefits: Get a plan that fits your needs
Mental healthcare: Take care of your mind with great mental health programs
Parental leave: Birth and non-birth parents get 18 weeks paid leave. Plus, a 4-week return-to-work transition program, at full base pay.
Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.
Away days: We offer 24 company-wide paid days off—which help our teams collectively pause to recharge.
Learning & development: Engage in exciting learning programs to level up your growth.
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