Predict your next investment

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

16.12B

Stock Price

108.06

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

Afterpay (ASX:APT) shares are up 900% since the crash. These experts still think they’re worth holding

Sep 13, 2021

Image source: Getty Images The Afterpay Ltd (ASX: APT) share price has been a remarkable performer in recent times. In fact, ‘diamond hands’ shareholders have been rewarded with a gargantuan 900% rally since the crash of March 2020. However, the rapid ascension turned into a volatile rollercoaster this year. On a year-to-date basis, the Afterpay share price is 6.3% above its 2021 starting position. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has gained 10.8% over the same period, outperforming the high-flying buy now pay later (BNPL) company. Now that Afterpay is expected to hitch a ride with US-based payments giant Square Inc (NYSE: SQ) , two investing experts have shared their thoughts on whether Afterpay is worth a spot in the portfolio. Validation a good sign for Afterpay shares It has been a market darling for much of its existence since its initial public offering (IPO) in 2017. In the space of four short years, Afterpay has delivered 4,187% in returns to investors. That works out to be a compound annual growth rate (CAGR) of 142.1%. Now that it looks set to be acquired by Square, two experts have weighed in on whether Afterpay shares are still desirable at their current price. These experienced investors are Chris Stott from 1851 Capital and James Gerrish from Market Matters. Firstly, Mr Stott pointed out the commendable leadership from Nick Molnar and Anthony Eisen, acknowledging the achievement of securing a deal with Square. Additionally, Stott considered Afterpay shares to be a hold at the moment, stating: We would say people should hold, and then roll into the Square offer. Hold the Square shares if you can. We think certainly with them as a partner now that they’ve got significant capital fire-power behind them to really drive their next level of growth over the medium to longer term. Building on this, Mr Gerrish also rated Afterpay shares a hold at this stage. Furthermore, the portfolio manager highlighted recent events that serve as validation for the BNPL sector. For instance, Amazon.com, Inc. (NASDAQ: AMZN) partnering with US-based BNPL company Affirm Holdings Inc (NASDAQ: AFRM) to offer payment instalments to the e-commerce giant’s checkout. While Gerrish remained positive on Afterpay shares, he shared his view that Zip Co Ltd (ASX: Z1P) could have more upside in the short term. Integrations galore As Gerrish points out, the next year will involve plenty of integration between Afterpay and Square. One such integration involves Square’s iconic ‘Cash App’. According to a release, Afterpay consumers will be able to manage their instalments and repayments directly within the Cash App. This will open the door to roughly 10 million monthly active users of Square’s app for Afterpay. Should you invest $1,000 in Afterpay right now? Before you consider Afterpay, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Afterpay wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.

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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 6 Expert Collections, including In-Store Retail Tech.

I

In-Store Retail Tech

1,337 items

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

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

A

AI in Fintech

155 items

F

Fintech 250

248 items

A

AI 100 2018

99 items

D

Digital Lending

1,123 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.

Affirm Patents

Affirm has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/22/2015

6/8/2021

Payment systems, Credit cards, Credit card terminology, Debit cards, Loans

Grant

00/00/0000

00/00/0000

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Application Date

10/22/2015

00/00/0000

Grant Date

6/8/2021

00/00/0000

Title

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Related Topics

Payment systems, Credit cards, Credit card terminology, Debit cards, Loans

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Status

Grant

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