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About
Affirm offers 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 generates revenue from interest and fees on loans to consumers, as well as fees from merchants for offering its services. Affirm also provides a merchant dashboard for transaction processing and promotional tools to help businesses market financing options effectively. The goal of Affirm is to empower consumers with flexible payment solutions 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
San Francisco, California
Founded
2012
Simplify's Take
What believers are saying
- Affirm's expansion to eight new merchants shows growing demand for flexible payment options.
- Partnership with JD Sports increases market penetration during peak shopping seasons.
- Expanded partnership with Priceline taps into the recovering travel sector post-pandemic.
What critics are saying
- Increased competition from Walmart-backed FinTech One could challenge Affirm's market share.
- Rapid merchant network expansion may strain operational resources and affect service quality.
- Reliance on 0% APR promotions could impact profitability if interest rates rise.
What makes Affirm unique
- Affirm offers transparent payment plans with no hidden fees, unlike traditional credit cards.
- Affirm's seamless integration with merchants enhances user experience and boosts conversion rates.
- Affirm's 0% APR financing options attract consumers wary of traditional credit card interest.
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6 month growth
↑ 4%1 year growth
↑ 9%2 year growth
↓ -10%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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