Affirm Holdings Inc. (NASDAQ: AFRM)
Credit Services · San Francisco, CA, United States · Founded 2012
- Market capitalization: $14.0 billion
- Annual revenue: $3.22 billion
- Net income: $0.05 billion
- Employees: 2,000
- Sector: Financial Services
- Headquarters: San Francisco, United States
- Founded: 2012
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Affirm is a buy-now-pay-later (BNPL) company founded by PayPal co-founder Max Levchin. They let consumers split purchases into installments at the point of sale, partnering with merchants like Amazon, Shopify, and Walmart. Unlike some BNPL competitors, Affirm doesn't charge late fees.
Merchant fees (retailers pay Affirm for offering installment plans), interest income on consumer loans, and gains from selling loans to third-party investors. The no-late-fee model means they make money from merchant discount rates and interest, not from penalizing consumers.
Founded in 2012 by Max Levchin, Affirm went public in January 2021. The Amazon partnership, announced in 2021, was a game-changer for scale. The stock has been volatile, swinging with interest rate expectations and consumer credit concerns.
| Market Capitalization | $14.0B |
| Annual Revenue | $3.22B |
| Net Income | $0.05B |
| Profit Margin | 2% |
| Revenue per Employee | $1610000K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | AFRM |
Financial data is approximate and based on most recent annual filings.
Max Levchin co-founded PayPal with Peter Thiel and Elon Musk — Affirm is essentially his second act in payments. Affirm's Debit+ card lets consumers split any purchase into installments, even at merchants that don't formally partner with Affirm.
Affirm is the most credible BNPL player, but the path to sustained profitability in a rising-rate environment is narrow. The Amazon relationship is the crown jewel.
What is Affirm Holdings Inc.'s revenue?
Affirm Holdings Inc. generates approximately $3.22 billion in annual revenue.
How many employees does Affirm Holdings Inc. have?
Affirm Holdings Inc. employs approximately 2,000 people worldwide.
What is Affirm Holdings Inc.'s market cap?
Affirm Holdings Inc. (AFRM) has a market capitalization of approximately $14.0 billion on the NASDAQ.
When was Affirm Holdings Inc. founded?
Affirm Holdings Inc. was founded in 2012 and is headquartered in San Francisco, CA, United States.
Who is the CEO of Affirm Holdings Inc.?
Max Levchin is the current CEO of Affirm Holdings Inc..
What is Affirm Holdings Inc.'s website?
Affirm Holdings Inc.'s official website is affirm.com.
| CEO | Max Levchin |
| Sector | Financial Services |
| Industry | Credit Services |
| Founded | 2012 |
| HQ | San Francisco, CA |
| Country | United States |
| Website | affirm.com |
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