How To Use Affirm At Walmart
 | |
| Type | Public company |
|---|---|
| Traded as | Nasdaq: AFRM |
| Industry | Finance |
| Founded | 2012; 9 years ago (2012) |
| Founders | Max Levchin Nathan Gettings Jeffrey Kaditz Alex Rampell |
| Headquarters | 650 California Street, San Francisco, California U.S. |
| Key people | Max Levchin |
| Products | Consumer loans, Installment loan |
| Revenue |  $510 Million (2020)[1] |
| Number of employees | 1,342 [2] (2021) |
| Website | www |
Affirm is a publicly traded financial technology company headquartered in San Francisco, United States.[3] Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase.[4] [5]
History and founding [edit]
Affirm was founded in 2012 by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell[6] [7] [8] as part of the initial portfolio of startup studio HVF.[9] Levchin, who co-founded PayPal, became CEO of Affirm in 2014.[10]
In October 2017, the company launched a consumer app that allowed loans for purchases at any retailer.[11]
The company announced a partnership with Walmart in February 2019. Under the partnership, Affirm is available to customers in-store and on the Walmart website.[12] [13]
Affirm has partnered with e-commerce platforms including Shopify,[6] BigCommerce, and Zen-Cart.[14]
On November 18, 2020, Affirm filed with the Securities and Exchange Commission in preparation for an initial public offering (IPO).[15] On December 12, 2020, it was reported that Affirm had postponed its IPO.[16] On January 13, 2021, Affirm became listed on NASDAQ with symbol AFRM, raising about $1.2 billion in its IPO.[17] By the next day, the price of shares had doubled, making Levchin's stake worth about $2.5 billion.[18] In May 2021, Affirm acquired another financial technology service company called Returnly.[19]
Affirm are Amazon's exclusive Buy Now, Pay Later partner in the United States through January 2023.[20]
References [edit]
- ^ Mazzilli, Meredith; Balogh, Shannen (November 19, 2020). "Affirm's IPO paperwork shows Peloton sales are a crucial part of the buy now, pay later fintech's business — and losing that partnership would 'materially and adversely' impact it". Business Insider.
- ^ "Affirm Holdings Form 10-Q". 2021-05-17.
- ^ "Affirm, Inc.: Private Company Information - Bloomberg". www.bloomberg.com . Retrieved 2019-05-08 .
- ^ "Affirm: Most Innovative Company". Fast Company . Retrieved 2019-03-24 .
- ^ ""Buy now, pay later": Critics concerned about new online payment plans". www.cbsnews.com. December 11, 2018. Retrieved 2019-05-08 .
- ^ a b Kokalitcheva, Kia (October 27, 2015). "Lending company Affirm takes on bricks and mortar shopping". Fortune . Retrieved 2019-03-24 .
- ^ Friedman, Zack (May 5, 2017). "Is PayPal Co-Founder Max Levchin Making The Next Credit Card Killer?". Forbes . Retrieved 2019-05-08 .
- ^ "Analytics and Software". Founders Fund . Retrieved 2020-08-03 .
- ^ MacMillan, Douglas (2014-06-09). "PayPal Co-Founder Max Levchin Raises $45 Million for Startup Affirm". WSJ . Retrieved 2019-03-24 .
- ^ D'Onfro, Jillian. "PayPal Cofounder Max Levchin Is The New CEO Of A Finance Startup That Has Quietly Raised $45 Million". Business Insider . Retrieved 2019-03-24 .
- ^ Cagle, Susie (2017-11-29). "Would You Take Out a Loan for a Pair of Jeans?". Racked . Retrieved 2019-03-24 .
- ^ Wack, Kevin (February 27, 2019). "Walmart teams with Affirm to offer point-of-sale loans". American Banker . Retrieved 2019-03-24 .
- ^ "Affirm's latest partnership brings its alternative financing to Walmart's US stores and website". TechCrunch . Retrieved 2019-05-08 .
- ^ "Affirm Supports Four More eCommerce Platforms". pymnts.com. 2016-11-30. Retrieved 2019-03-24 .
- ^ Alex Wilhelm, Natasha Mascarenhas (November 18, 2020). "Affirm files to go public: Rising revenue, slimming losses amid an e-commerce boom". Retrieved August 4, 2021.
- ^ https://www.wsj.com/articles/affirm-postpones-initial-public-offering-sources-say-11607801619
- ^ Reuters Staff (January 12, 2021). "Affirm Holdings prices U.S. IPO above target range, raises $1.2 billion". Reuters . Retrieved August 4, 2021.
- ^ Jeff Kauflin (February 8, 2021). "Inside The Billion-Dollar Plan To Kill Credit Cards". Forbes . Retrieved August 4, 2021.
- ^ "Affirm Completes Acquisition of Returnly". Press release. May 3, 2021. Retrieved August 4, 2021.
- ^ "Affirm expands Amazon partnership as buy now, pay later surge lifts revenue". Reuters . Retrieved 11 November 2021.
External links [edit]
- Official website
How To Use Affirm At Walmart
Source: https://en.wikipedia.org/wiki/Affirm_(company)
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