Affirm
Founded Year
2012Stage
IPO | IPOTotal Raised
$1.775BDate of IPO
1/13/2021About Affirm
Affirm (NASDAQ: AFRM) is a consumer finance company that seeks to provide shoppers with instant point-of-sale financing for online purchases. Affirm empowers shoppers to buy now and pay later in monthly installments and at reasonable interest rates through its transparent financing solutions.
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Research containing Affirm
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Affirm in 29 CB Insights research briefs, most recently on Jan 17, 2023.
Expert Collections containing Affirm
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Affirm is included in 10 Expert Collections, including Digital Health.
Digital Health
8,838 items
Startups recreating how healthcare is delivered
Store management tech (In-store retail tech)
1,568 items
Startups aiming to work with retailers to improve brick-and-mortar retail store operations.
Fintech 250
748 items
AI 100
99 items
Digital Lending
1,947 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Payments
2,571 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Affirm Patents
Affirm has filed 18 patents.
The 3 most popular patent topics include:
- Payment systems
- Loans
- Mortgage
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/17/2021 | 1/17/2023 | Underwater diving safety, Diving medicine, Respiration, Breathing gases, Underwater breathing apparatus | Grant |
Application Date | 6/17/2021 |
|---|---|
Grant Date | 1/17/2023 |
Title | |
Related Topics | Underwater diving safety, Diving medicine, Respiration, Breathing gases, Underwater breathing apparatus |
Status | Grant |
Latest Affirm News
Jan 27, 2023
News provided by Share this article Share this article NEW YORK, Jan. 27, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Affirm Holdings, Inc. (NASDAQ: AFRM ). To receive updates on the lawsuit, fill out the form: The lawsuit seeks to recover losses for shareholders who purchased Affirm between February 12, 2021 and December 15, 2021. Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until February 6, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. According to a filed complaint, Affirm Holdings, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) Affirm's "buy-now, pay-later" service facilitated excessive consumer debt, regulatory arbitrage, and data harvesting; (ii) the foregoing subjected Affirm to a heightened risk of regulatory scrutiny and enforcement action; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times. Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:
Affirm Frequently Asked Questions (FAQ)
When was Affirm founded?
Affirm was founded in 2012.
Where is Affirm's headquarters?
Affirm's headquarters is located at 650 California Street, San Francisco.
What is Affirm's latest funding round?
Affirm's latest funding round is IPO.
How much did Affirm raise?
Affirm raised a total of $1.775B.
Who are the investors of Affirm?
Investors of Affirm include Lightspeed Venture Partners, Spark Capital, Founders Fund, GIC, Fidelity Investments and 18 more.
Who are Affirm's competitors?
Competitors of Affirm include Sunbit, Colendi, Quilo, Zilch, Carats & Cake, Pay.com, Scalapay, Anyday, ChargeAfter, Afterpay and 28 more.
Compare Affirm to Competitors
Klarna offers payment solutions to e-stores. The company offers services such as direct payments, pay after delivery options, and installment plans. It also assumes credit and fraud risks for e-stores. The company was founded in 2005 and is based in Stockholm, Sweden.
Divido is an omni-channel platform that allows merchants to offer their customers the ability to spread the cost of products or services into interest-free installments, while the merchant gets paid in full right away. The company was founded in 2015 and is based in London, England.
Zilch offers a 'buy now, pay later service that allows users to pay for a purchase in the course of six weeks without any fees or interest. Zilchʼs transparent and customer-centric credit alternative is designed with regulators to ensure consumer protection and financial health from the start. Utilizing sophisticated Open Banking technology and so credit checks, Zilch uses its real-time view and understanding of customers' affordability to give accurate recommendations of what they can afford to borrow. Zilch was founded in 2018 and is based in London, England.
Sunbit is a financial technology that enables financing in-store purchases for consumers across the credit spectrum. The company aims to disrupt the process of financing in-store purchases for customers across the credit spectrum, including the unbanked or underbanked. It was founded in 2016 and is based in Los Angeles, California.
Billie offers a B2B invoicing and payments platform for SMEs, large e-commerce players, and transnational marketplaces. The company's two core solutions include a checkout financing solution for B2B online stores, which embeds a financing option in the online checkout process, and SME invoice factoring, which is a fully automated platform that handles all outgoing invoices of SMEs.
PayRight is an Australian payment plan provider developed for merchants to accelerate return-on-effort and for making things more affordable to consumers, by spreading the cost of purchases over time, without ever paying interest. PayRight provides merchants a buy now, pay later flexible payment option to offer their customers, intended for bigger ticket items that are more considered purchases rather than smaller impulse-driven buys. PayRight practices responsible lending and performs extensive identification and credit checks to ensure a customer's repayment capability. Merchants are paid upfront and in full on the same day and include a diverse mix of broad-reaching products and services such as direct sales businesses, home improvement, education, photography, dental, and health and beauty.
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