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Affirm

Description

Provider of an online alternative lending platform designed to deliver honest financial products to improve lives. The company's alternative lending platform offers loans with no late fees, no compound interest, no balance to be carried and exponentially will compound the interest for each month with the balance enabling consumers to receive instant financing for their purchases. It also connects users directly to online stores so that stores can process and ship orders immediately.

2012

Founded

PRIVATE

Status

51-200

Employees

Debt

Latest Deal Type

$428M

Total Amount Raised

15

Investors

Description

Provider of an online alternative lending platform designed to deliver honest financial products to improve lives. The company's alternative lending platform offers loans with no late fees, no compound interest, no balance to be carried and exponentially will compound the interest for each month with the balance enabling consumers to receive instant financing for their purchases. It also connects users directly to online stores so that stores can process and ship orders immediately.

Website:

www.affirm.com

Formerly Known As

The Expedite Service, THE Expedite.cc

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Consumer Finance

Other Industries

Social/Platform Software

Primary Office

PO Box 2854 San Francisco, CA 94126United States +1 (855) 423-3729
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Affirm Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Affirm Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Affirm Investors (15)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Andreessen HorowitzVenture CapitalMinority000 0000000 0000
Charles SonghurstAngel (individual)Minority000 0000000 0000
Chris SangAngel (individual)Minority000 0000000 0000
David SacksAngel (individual)Minority000 0000000 0000
Founders FundVenture CapitalMinority000 0000000 0000
Andreessen Horowitz Venture Capital
Charles Songhurst Angel (individual)
Chris Sang Angel (individual)
David Sacks Angel (individual)
Founders Fund Venture Capital

Affirm Executive Team (12)

NameTitleBoard
Seat
Contact
Info
Max LevchinCo-Founder & Chief Executive Officer
Nathan GettingsChief Risk Officer & Co-Founder
Huey LinChief Operating Officer
Libor MichalekChief Technology Officer
Manuel Alvarez JDChief Compliance Officer & General Counsel
Max Levchin Co-Founder & Chief Executive Officer
Nathan Gettings Chief Risk Officer & Co-Founder
Huey Lin Chief Operating Officer
Libor Michalek Chief Technology Officer
Manuel Alvarez JD Chief Compliance Officer & General Counsel

Affirm Board Members (4)

NameRepresentingRoleSinceContact
Info
Alastair RampellAffirmBoard Observer & Co-Founder000 0000
Jeffrey KaditzAffirmBoard Member & Co-Founder000 0000
Jeremy LiewLightspeed Venture PartnersPartner & Managing Director000 0000
Keith Rabois JDKhosla VenturesInvestment Partner000 0000
Alastair Rampell Board Observer & Co-Founder Affirm
Jeffrey Kaditz Board Member & Co-Founder Affirm
Jeremy Liew Partner & Managing Director Lightspeed Venture Partners
Keith Rabois JD Investment Partner Khosla Ventures
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