Affirm

Affirm

Provides buy now, pay later financing solutions

About Affirm

Simplify's Rating
Why Affirm is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2012

Overview

Company Historically Provides H1B Sponsorship

Affirm provides point-of-sale financing solutions as an alternative to traditional credit cards. It allows consumers to make purchases and pay over time through installment plans, often without hidden fees or deferred interest. Affirm partners with merchants to integrate its payment options into online and in-store shopping experiences, using user-friendly plugins and APIs. The company earns revenue from interest and fees on loans to consumers, as well as from merchants who pay to offer these financing options. Affirm also offers a merchant dashboard for transaction processing and promotional tools to help businesses market their financing solutions effectively. The goal of Affirm is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail markets.

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with UATP expands Affirm's reach in the $11 trillion travel market.
  • Collaboration with Costco enhances visibility and taps into a loyal customer base.
  • Reporting loans to TransUnion could boost consumer trust and attract more users.

What critics are saying

  • Increased competition from BNPL providers like Afterpay and Klarna.
  • Potential regulatory scrutiny with stricter BNPL regulations by mid-2024.
  • Economic downturns could lead to higher default rates, impacting profitability.

What makes Affirm unique

  • Affirm offers transparent, no hidden fee installment loans at point of sale.
  • Affirm partners with over 2,000 merchants, including major brands like Costco.
  • Affirm's seamless API integration simplifies merchant adoption of its payment solutions.

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Funding

Total Funding

$4720M

Above

Industry Average

Funded Over

9 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

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.

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

0%

2 year growth

-2%
PYMNTS
May 8th, 2025
Affirm, Costco Launch Bnpl Partnership For Ecommerce

Affirm is partnering with Costco to offer online shoppers the option to pay over time for transactions. The financial services company announced the collaboration Thursday (May 8) in a shareholder letter. Customers, if approved, will be to able select monthly Affirm payment plans when shopping on Costco’s website. “[We] are proud to announce our online partnership with Costco — a brand and a retailer I have personally admired for a long time because of their unwavering commitment to customer experience and transparency,” Affirm CEO Max Levchin wrote. “It will be a privilege to deliver honest financial products to their members.”

Tech.eu
May 2nd, 2025
Fintech Affirm partners with UATP to expand BNPL travel payments internationally

This collaboration aims to integrate Affirm's installment payment options into UATP's network, which includes airlines, rail carriers, and travel agencies across the U.S., U.K., and Canada.

Tech.eu
May 2nd, 2025
Fintech Affirm Partners With Uatp To Expand Bnpl Travel Payments Internationally

Affirm, a London-based payment network known for its lending provisions, has formed a global partnership with UATP, a global payment network owned and operated by the world's airlines.This collaboration aims to integrate Affirm’s installment payment options into UATP’s network, which includes airlines, rail carriers, and travel agencies across the U.S., U.K., and Canada.​There is growing consumer demand for alternative payment methods in the travel sector. By offering Affirm at checkout, UATP’s merchants can provide customers with the option to split their travel expenses into manageable payments, promising that customers will never incur late or hidden fees.Offering flexible payment options can lead to higher average order values and reduced cart abandonment rates, which appeals to UATP. Additionally, transparent pricing and straightforward eligibility checks can help build trust and loyalty among their customers.​Max Levchin, Founder and CEO of Affirm, commented: “Travel is 10 percent of all global spend - and it can be expensive and stressful. But legacy credit options add to the hassle with hidden costs and complexity. People deserve better, and this partnership with UATP is going to deliver just that: the transparent, flexible payment options Affirm stands for, available as a turn-key option to top travel brands.”​Ralph Kaiser, President and CEO of UATP, added: “Partnering with Affirm will make travel more accessible for customers who prefer to not use traditional credit cards to pay. Customers want more safe alternative payment choices and this will address that need by providing an option that has not been available to them before.”​According to UATP, 44 percent of consumers are inclined to abandon their transaction if their preferred payment method isn’t available, highlighting the importance of offering diverse payment options

PhocusWire
May 2nd, 2025
Phocuswire'S Weekly Travel Tech News Briefs: Sabre, Amadeus, Google And More...

Here's our roundup of the people, product and partner news from the global travel industry this week.Google Wallet expansionsGoogle Wallet is expanding its digital ID capabilities, enabling users in the United Kingdom to add passport-based IDs for age verification, including potential use for alcohol purchases, pending government approval. In the United States, digital ID support extends to Arkansas, Montana, Puerto Rico and West Virginia, with Transportation Security Administration acceptance at select airports. Google is piloting a privacy-centric age verification method, Zero Knowledge Proof, in apps like Bumble, confirming age without revealing personal data. This technology will be open sourced for broader adoption. These initiatives aim to streamline identity verification while enhancing user privacy and security.SuiteOp, HostfullySuiteOp and Hostfully have announced a strategic integration aimed at simplifying hospitality tech stacks. Hostfully users can now tap into SuiteOp’s operations platform to automate tasks like cleanings, guest check-ins, upsells and smart device control without manual input or third-party tools.The integration bridges reservation data directly into operational workflows, enabling real-time coordination across teams

FF News
May 1st, 2025
Affirm Announces Strategic Global Partnership With Uatp

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced a new, long-term global partnership with UATP, a global network owned and operated by the world’s airlines. This collaboration integrates Affirm’s flexible and transparent pay-over-time options directly into the UATP network, which includes thousands of leading airlines, rail carriers, and travel agencies. By selecting Affirm, UATP enhances its payment ecosystem and offers its merchants in the U.S., U.K., and Canada seamless access to Affirm’s popular short-term, interest-free installments and flexible, longer-term payment plans – always with no late or hidden fees.More and more travelers are already turning to Affirm to pay for their trips, with the company seeing nearly 40% year-over-year growth in travel and ticketing as of December 31, 2024. Through this partnership, UATP is directly addressing growing consumer demand for Affirm’s flexible payment solutions within the $11 trillion global travel market.“Travel is 10% of all global spend—and it can be expensive and stressful. But legacy credit options add to the hassle with hidden costs and complexity. People deserve better, and this partnership with UATP is going to deliver just that: the transparent, flexible payment options Affirm stands for, available as a turn-key option to top travel brands,” said Max Levchin, Founder and CEO of Affirm

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