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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
affirm.com

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Founded Year

2012

Stage

IPO | IPO

Total Raised

$1.775B

Date of IPO

1/13/2021

Market Cap

20.07B

Stock Price

69.19

About 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.

Affirm Headquarter Location

650 California Street

San Francisco, California, 94108,

United States

855-423-3729

Latest Affirm News

Bragar Eagel & Squire, P.C. Is Investigating Corcept, Agrify, Affirm Holdings, and Medallion Financial and Encourages Investors to Contact the Firm

Jan 12, 2022

., a nationally recognized shareholder rights law firm, is investigating potential claims against Corcept Therapeutics Inc. (NASDAQ: CORT), Agrify Corporation (NASDAQ: AGFY), Affirm Holdings, Inc. (NASDAQ: AFRM), and Medallion Financial Corp. (NASDAQ: MFIN). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided. Corcept Therapeutics Inc. (NASDAQ: CORT) On December 8, 2021, Corcept disclosed in a filing with the U.S. Securities and Exchange Commission that “[o]n November 15, 2021, the Company received a records subpoena from the U.S. Attorney’s Office for the District of New Jersey (the ‘NJ USAO’) pursuant to Section 248 of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) seeking information relating to the sale and promotion of Korlym, Corcept’s relationships with and payments to health care professionals who can prescribe or recommend Korlym and prior authorizations and reimbursement for Korlym.” Corcept further disclosed that “[t]he NJ USAO has informed Corcept that it is investigating whether any criminal or civil violations by Corcept occurred in connection with the matters referenced in the subpoena.” On this news, Corcept’s stock price fell $3.71 per share, or 16.91%, to close at $18.23 per share on December 8, 2021. For more information on the Corcept investigation go to: https://bespc.com/cases/CORT Agrify Corporation (NASDAQ: AGFY) On December 16, 2021, during trading hours, market analyst Bonitas Research published a report regarding Agrify which alleges several issues at the Company including that “[w]e believe that Agrify created artificial demand for its product by financing undisclosed Company insiders to act as independent customers.” Further the report alleges that “Agrify insiders lied to investors about the independence of its customer base in order to execute a dubious stock promotion for self-enrichment at the expense of minority shareholders[,]” and that “[e]vidence showed that five (5) of Agrify’s eight (8) customer announcements in 2021 are either with undisclosed Company insiders or with unlicensed unproven operators.” On this news, Agrify’s common stock price fell sharply during intraday on December 16, 2021. For more information on the Agrify investigation go to: https://bespc.com/cases/AGFY Affirm Holdings, Inc. (NASDAQ: AFRM) On December 16, 2021, the Consumer Financial Protection Bureau (the “CFPB”) announced that it has launched an inquiry into the payment service offered by Affirm known as “buy-now, pay-later” (“BNPL”). The CFPB issued an order to Affirm, along with four other companies offering BNPL, seeking information about Affirm’s facilitation of excessive consumer debt, regulatory arbitrage and data harvesting. The CFPB said it is concerned about “accumulating debt, regulatory arbitrage, and data harvesting,” and is seeking data on the risks and benefits of the products. In a statement addressing BNPL services, CFPB Director Rohit Chopra said, “[t]he consumer gets the product immediately but gets the debt immediately too.” On this news, Affirm’s stock price declined by $11.74 per share, or approximately 10.6%, from $110.98 per share to close at $99.24 per share on December 16, 2021. For more information on the Affirm Holdings investigation go to: https://bespc.com/cases/AFRM Medallion Financial Corp. (NASDAQ: MFIN) On December 29, 2021, the SEC charged Medallion and its President and Chief Operating Officer, Andrew Murstein, “with illegally engaging in two schemes in an effort to reverse the company’s plummeting stock price.” Specifically, the two had “engaged in illegal touting by paying Ichabod’s Cranium and others to place positive stories about the company on various websites, including Huffington Post, Seeking Alpha, and TheStreet.com.” On this news, Medallion’s stock fell up to 27% during intraday trading on December 29, 2021, thereby injuring investors. For more information on the Medallion Financial investigation go to: https://bespc.com/cases/MFIN About Bragar Eagel & Squire, P.C. : Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com . Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information:

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

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 9 Expert Collections, including In-Store Retail Tech.

I

In-Store Retail Tech

1,428 items

Startups aiming to work with retailers to improve brick-and-mortar retail operations.

2

2018 Fintech 250

748 items

A

AI 100

99 items

D

Digital Lending

1,427 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.

P

Payments

1,767 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

T

Tech IPO Pipeline

568 items

Affirm Patents

Affirm has filed 4 patents.

The 3 most popular patent topics include:

  • Credit card terminology
  • Credit cards
  • Debit cards
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/11/2019

12/14/2021

Static program analysis tools, Integrated development environments, Structural analysis, Software testing, Software testing tools

Grant

Application Date

11/11/2019

Grant Date

12/14/2021

Title

Related Topics

Static program analysis tools, Integrated development environments, Structural analysis, Software testing, Software testing tools

Status

Grant

Affirm Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Affirm Rank

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