OverviewSuggest Edit

Affirm Holdings is a financial services company that builds a proprietary technology platform for digital and mobile-first commerce. Its point-of-sale solutions allow consumers to pay for purchases in fixed amounts without deferred interest, hidden fees, or penalties. The company also offers commerce solutions that help merchants promote and sell their products, optimize their customer acquisition and marketing strategies, and drive incremental sales. In addition, its consumer-focused app allows users to manage payments, open a savings account, and access a personalized marketplace.

TypePublic
Founded2012
HQSan Francisco, CA, US
Websiteaffirm.com
Employee Ratings4.1
Overall CultureB

Latest Updates

Employees (est.) (Sept 2020)916(+3%)
Revenue (FY, 2020)$509.5 M(+93%)
Share Price (Mar 2021)$84.5 (-2%)
Cybersecurity ratingBMore

Key People/Management at Affirm

Max Levchin

Max Levchin

Founder, Chief Executive Officer and Chairman of the Board of Directors
Greg Fisher

Greg Fisher

Chief Marketing Officer
Jude Komuves

Jude Komuves

Chief People Officer
Christa S. Quarles

Christa S. Quarles

Director
Sharda Caro

Sharda Caro

Chief Legal Officer & Chief Compliance Officer
Sandeep Bhandari

Sandeep Bhandari

Chief Risk and Strategy Officer
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Affirm Office Locations

Affirm has offices in San Francisco, New York, Pittsburgh, Chicago and in 1 other location
San Francisco, CA, US (HQ)
650 California St
New York, NY, US
1140 Broadway
Pittsburgh, PA, US
30 Isabella St Floor 4
Show all (5)

Affirm Financials and Metrics

Affirm Revenue

Affirm's revenue was reported to be $509.53 m in FY, 2020 which is a 92.7% increase from the previous period.
USD

Revenue (Q2, 2021)

99.6m

Market capitalization (4-Mar-2021)

21.7b

Closing stock price (4-Mar-2021)

84.5

Cash (31-Dec-2020)

520.7m

EV

22.8b
Affirm's current market capitalization is $21.7 b.
Annual
USDFY, 2019FY, 2020

Revenue

264.4m509.5m

Revenue growth, %

93%

Sales and marketing expense

16.9m25.0m

General and administrative expense

88.9m121.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020Q1, 2021Q2, 2021

Revenue

52.0m70.0m73.1m69.6m87.9m130.0m138.3m153.3m174.0m99.6m

Sales and marketing expense

4.2m3.4m4.1m5.1m5.2m7.7m7.1m5.1m22.6m

General and administrative expense

15.8m22.0m18.9m32.2m27.7m30.7m31.4m31.4m32.3m

Operating expense total

79.0m109.1m93.4m110.3m120.9m162.6m219.8m114.0m218.6m
Annual
USDFY, 2019FY, 2020

Cash

320.4m267.1m

Accounts Receivable

43.1m59.0m

PP&E

33.6m48.1m

Total Assets

1.1b1.4b
Quarterly
USDQ1, 2021Q2, 2021

Cash

684.4m520.7m

Accounts Receivable

49.0m67.0m

PP&E

49.6m49.4m

Total Assets

2.3b2.7b
Annual
USDFY, 2019FY, 2020

Net Income

(120.5m)(112.6m)

Depreciation and Amortization

5.3m9.4m

Accounts Payable

4.4m7.5m

Cash From Operating Activities

(87.6m)(71.3m)
Quarterly
USDQ1, 2020Q1, 2021Q2, 2021

Net Income

(30.8m)(15.3m)(46.8m)

Depreciation and Amortization

2.1m3.7m7.1m

Accounts Payable

(2.2m)6.1m7.9m

Cash From Operating Activities

(18.5m)(2.3m)(50.0m)
USDQ1, 2019

Revenue/Employee

120.1k
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Affirm Operating Metrics

Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020Q1, 2021

Gross Merchandise Volume

$474.34 m$669.65 m$694.36 m$781.70 m$2.62 b$861.31 m$1.34 b$1.23 b$1.20 b$4.64 b$1.48 b

Active Consumers

2.05 m2.38 m3.62 m3.88 m

Transactions per Active Consumer

2 2 2.10 2.20

Loans Held for Investment

$735.41 m$1.03 b$1.41 b
Show all operating metrics

Affirm Acquisitions / Subsidiaries

Company NameDateDeal Size
PayBrightJanuary 01, 2021c$340 m
SweepApril 27, 2016
LendLayerAugust 05, 2015
Affirm Canada Holdings Ltd.
Affirm, Inc.

Affirm Revenue Breakdown

Embed Graph

Affirm revenue breakdown by business segment: 50.4% from Merchant Network Revenue, 36.6% from Interest Income, 6.3% from Gain on Sales of Loans and 6.7% from Other

Affirm revenue breakdown by geographic segment: 99.3% from United States and 0.7% from Other

Human Capital Metrics

Affirm's employees are reported to be approximately 42% female and 58% male.
Embed Graph
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Affirm Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Affirm Online and Social Media Presence

Embed Graph

Affirm Company Culture

  • Overall Culture

    B

    80/100

  • CEO Rating

    A+

    92/100

  • Compensation

    C-

    64/100

Learn more on Comparably

Affirm News and Updates

Earnings Results: Affirm earnings top expectations, but stock slips

Affirm Holdings Inc. topped revenue expectations for its latest quarter and issued an upbeat forecast but shares slipped in after-hours trading Thursday.

Fintech company Affirm cuts ties with My Pillow after the company's CEO pushes election-fraud conspiracies

The fintech startup Affirm has ended its relationship with My Pillow and removed the product from the platform, the company confirmed to Insider on Wednesday.

Affirm doubles after starting to trade despite strong IPO pricing

Today shares of Affirm, a buy-now-pay-later unicorn, started trading above $90 per share, far above its $49 per-share IPO price, a figure that was already miles above the company’s early expectations. The pop comes after Affirm raised its pricing range earlier this week, to $41 to $44 per share, up …

Karisma Hotels & Resorts Partners With Affirm To Provide Flexible Payment Options to Travelers

Karisma Hotels & Resorts, the award-winning portfolio of luxury resort properties across Mexico and the Caribbean, has announced the addition of a more flexible way to book travel with its partnership with Affirm, which allows travelers to plan their dream vacation and pay over time without any …

Affirm targets up to $38 per share in IPO, pushing its valuation above $9B

Today Affirm, a fintech startup that offers payment options to e-commerce customers, released a new S-1/A filing. The new document follows a late-December filing of a similar nature, though that update focused on changing the language of Affirm’s reported results, tweaking its language to remove som…

Acquisition of PayBright

Affirm, a more flexible and transparent alternative to credit cards, today announced it has completed its previously announced acquisition of PayBright, one of Canada’s leading buy-now-pay-later providers.
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Affirm Frequently Asked Questions

  • When was Affirm founded?

    Affirm was founded in 2012.

  • Who are Affirm key executives?

    Affirm's key executives are Max Levchin, Greg Fisher and Jude Komuves.

  • How many employees does Affirm have?

    Affirm has 916 employees.

  • What is Affirm revenue?

    Latest Affirm annual revenue is $509.5 m.

  • What is Affirm revenue per employee?

    Latest Affirm revenue per employee is $556.3 k.

  • Who are Affirm competitors?

    Competitors of Affirm include Boku, Varo Money and GreenSky.

  • Where is Affirm headquarters?

    Affirm headquarters is located at 650 California St, San Francisco.

  • Where are Affirm offices?

    Affirm has offices in San Francisco, New York, Pittsburgh, Chicago and in 1 other location.

  • How many offices does Affirm have?

    Affirm has 5 offices.