| Market Capitalization (Millions $) |
25,239 |
| Shares
Outstanding (Millions) |
349 |
| Employees |
2,358 |
| Revenues (TTM) (Millions $) |
4,261 |
| Net Income (TTM) (Millions $) |
1,930 |
| Cash Flow (TTM) (Millions $) |
718 |
| Capital Exp. (TTM) (Millions $) |
238 |
Business Description
Affirm Holdings Inc. is a financial technology company that provides consumer-friendly alternative payment solutions primarily in the United States. It was founded in 2012 and is headquartered in San Francisco, California. The company enables consumers to buy goods and services online or in-store at the point of sale, and to pay for them over time in fixed, scheduled installments without incurring any interest on the purchases.
Affirm offers its services primarily through its mobile app, which has been downloaded over 4 million times. The app allows users to sign up for an Affirm account and get approved for a credit line within minutes, without any credit check. The approval process is based on the user's income and spending habits, using proprietary algorithms that analyze more than 70,000 data points to determine the user's creditworthiness.
Affirm's services are available to consumers for a wide range of purchases, from everyday items like clothing and electronics to larger expenses like travel, home appliances, and home improvement services. The company partners with over 6,500 merchants and service providers, including major retailers like Walmart, Peloton, and Expedia.
One of the key benefits of Affirm's services is its transparency and simplicity. Users can view their repayment schedule, interest rates, and other details of their loan before they make the purchase. Furthermore, the company offers flexible repayment options, including the ability to modify their repayment plans, make early payments, or even pay off their loans before the scheduled due date without any penalty.
Affirm went public in January 2021 through a direct listing on NASDAQ under the ticker symbol "AFRM". The company raised $1.2 billion in the offering, valuing it at $11.9 billion. The IPO marked a significant milestone for the fintech industry, as it demonstrated the growing demand for alternative payment solutions to traditional credit cards and loans.
Company Address: 650 California Street San Francisco 94108 CA
Company Phone Number: 960-1518 Stock Exchange / Ticker: NASDAQ AFRM
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38.84% 
98.63 %