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 Ratings4.2
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)980(+7%)
Job Openings181
Revenue (FY, 2020)$509.5 M(+93%)
Share Price (May 2021)$54(-19%)
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
Sharda Caro

Sharda Caro

Chief Legal Officer & Chief Compliance Officer
Sandeep Bhandari

Sandeep Bhandari

Chief Risk and Strategy Officer
Geoff Kott

Geoff Kott

Chief Capital 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)

204.0m

Net income (Q2, 2021)

(31.6m)

EBIT (Q2, 2021)

(31.7m)

Market capitalization (7-May-2021)

13.9b

Closing stock price (7-May-2021)

54.0

Cash (31-Dec-2020)

520.7m

EV

15.0b
Affirm's current market capitalization is $13.9 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

52.0m70.0m73.1m69.6m87.9m130.0m138.3m153.3m174.0m204.0m

Sales and marketing expense

4.2m3.4m4.1m5.1m5.2m7.7m7.1m5.1m22.6m39.1m

General and administrative expense

15.8m22.0m18.9m32.2m27.7m30.7m31.4m31.4m32.3m40.9m

Operating expense total

79.0m109.1m93.4m110.3m120.9m162.6m219.8m114.0m218.6m235.8m
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, 2021Q2, 2021

Gross Merchandise Volume

$474.34 m$669.65 m$694.36 m$781.7 m$2.62 b$861.31 m$1.34 b$1.23 b$1.2 b$4.64 b$1.48 b$2.08 m

Active Consumers

2.05 m2.38 m2.97 m3.62 m3.88 m4.52 m

Transactions per Active Consumer

222.1 k2.12.22.2 k

Loans Held for Investment

$735.41 m$1.03 b$1.41 b$1.89 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 57% female and 43% male.
Embed Graph
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Affirm Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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

Affirm and Splitit are getting creative to stand out in the US market

Summary List PlacementTwo major US buy now, pay later (BNPL) providers took steps that will help them extend their offerings to new merchants in the US market: Affirm acquired Returnly for $300 million. Returnly simplifies how merchants process returns by letting them offer customers store credit …

Affirm agrees $300m Returnly acquisition

BNPL giant Affirm has agreed to buy online returns and post-purchase payments player Returnly for about $300 million in cash and equity.

Affirm to purchase Returnly in $300 million deal

Affirm Holdings Inc. plans to acquire Returnly, the company announced Wednesday. The deal has a total cash and equity consideration of $300 million. Returnly makes it easier for merchants to process returns by offering instant store credit even before an item is returned to the merchant. Returnly's…

Affirm stock could head higher amid 'hypergrowth' of buy-now-pay-later offerings, analyst says in upgrade

Shares of Affirm Holdings Inc. are up 2% in premarket trading Friday after Seaport Global analyst Chris Brendler upgraded the stock to buy from neutral and set an $80 price target. He sees the stock as more attractive following a 34% selloff since he initiated coverage of the company 10 weeks back,…

Affirm and Vrbo offer $5,000 vacation rental credit for one lucky winner

Affirm recently teamed up with Vrbo to offer a flexible way to book vacation homes. To celebrate this new way to pay, Affirm and Vrbo are giving one lucky winner a $5,000 credit towards a Vrbo property to book the vacation of their dreams. The giveaway runs from April 5 through April 9, and Affirm a…
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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 980 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 $519.9 k.

  • Who are Affirm competitors?

    Competitors of Affirm include UpLift, Boku and Varo Money.

  • 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.