Affirm (company)

Affirm
Industry Financial Services
Founded 2012 (2012)
Founders Max Levchin, Nathan Gettings, and Jeffrey Kaditz
Headquarters San Francisco, California, United States
Area served
 United States
Key people
 Max Levchin (CEO)
Website www.affirm.com

Affirm is a financial technology company based in San Francisco, California[1] that offers financial loans with instant decision. Max Levchin currently serves as the CEO and co-founder. Created in 2012 by Levchin, Palantir Technologies co-founder Nathan Gettings, and Jeffrey Kaditz.

According to The Wall Street Journal, "Rather than rely on FICO credit scores, Affirm calculates the risk of borrowers based on a range of personal data including information gleaned from social-media profiles as well as the cost of the items being purchased. It then determines what rate and structured payment makes sense to offer the customer. Affirm is one of several Web startups experimenting with more flexible loans."[2]

Affirm has raised roughly $520 million to date in equity and debt.[3] It is funded by Andreessen Horowitz, Founders Fund, Jefferies Group, Khosla Ventures, Lightspeed Venture Partners, Spark Capital & Morgan Stanley.[4]

References

  1. ↑ "Max Levchin: Young people 'dislike big banks'". Usatoday.com. 2014-12-12. Retrieved 2015-04-09.
  2. ↑ "PayPal Co-Founder Max Levchin Raises $45 Million for Startup Affirm - Digits - WSJ". Blogs.wsj.com. 2014-06-09. Retrieved 2015-04-09.
  3. ↑ "Afirm funding rounds". CrunchBase. Retrieved 2016-05-01.
  4. ↑ "Affirm - Investors | crunchbase". www.crunchbase.com.

External links


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