Affirm Holdings, Inc. - Class A Common Stock (AFRM)

Frequently Asked Questions About Affirm Holdings, Inc. - Class A Common Stock (AFRM)

Can consumers use Affirm for all types of purchases?

Affirm is primarily designed for use in online and in-store retail environments, but not all purchases qualify for financing through its platform. Consumers can use Affirm at participating merchants, and the available financing options may vary by retailer and specific products. Generally, Affirm supports a wide range of purchases, including apparel, electronics, furniture, and travel, among others, as long as the merchants have partnered with Affirm.

How can merchants benefit from partnering with Affirm?

Merchants that partner with Affirm can benefit in several ways, including increased conversion rates, higher average order values, and a broader customer base. By offering financing options at checkout, retailers can attract consumers who may prefer alternative payment methods that fit their budgets. Additionally, Affirm’s merchants gain access to valuable insights and analytics to better understand their customers' purchasing behaviors, allowing for tailored marketing strategies.

How does Affirm ensure data security?

Affirm prioritizes the security of customer data and employs industry-standard encryption and protection measures to safeguard personal and financial information. The company regularly updates its security protocols to protect against data breaches and unauthorized access. Furthermore, Affirm complies with relevant regulations and best practices in data privacy to ensure a secure and trustworthy user experience.

How does Affirm handle late payments?

If a consumer misses a payment with Affirm, the company has policies in place to address late payments. Late payments may incur fees, which can vary based on the terms of the financing agreement. Affirm typically allows a grace period before fees are applied and may offer customers the option to reschedule payments. However, repeated late payments could negatively affect a consumer's ability to access future financing options through Affirm.

How does Affirm make money?

Affirm makes money primarily through two main sources: interest income from consumers who opt for longer-term financing and transaction fees charged to merchants that partner with the platform. Consumers may incur interest rates based on their creditworthiness, while merchants are charged a percentage of the sale price for each transaction facilitated through Affirm. This dual revenue stream allows Affirm to maintain its operations and invest in growth.

How does Affirm support sustainability?

Affirm recognizes the importance of sustainability and social responsibility. The company actively seeks to support partners and merchants who demonstrate sustainable practices and aims to encourage eco-friendly purchases through its platform. While specific initiatives may vary, Affirm’s commitment to responsible lending practices and fostering a consumer base driven by mindful spending contributes to broader sustainability goals within the financial services industry.

Is Affirm a publicly traded company?

Yes, Affirm Holdings, Inc. is a publicly traded company. It made its debut on the Nasdaq stock exchange under the ticker symbol AFRM in January 2021. Going public has provided Affirm with capital to further expand its operations and product offerings while increasing its visibility and credibility in the financial services market.

Is there an Affirm mobile app?

Yes, Affirm offers a mobile app that allows consumers to easily manage their accounts, make purchases, and access financing options on-the-go. The app provides features such as tracking payments, reviewing purchase history, and applying for financing with participating merchants. This accessibility enhances the user experience, making it convenient for customers to engage with Affirm's services from their smartphones.

What are some competitors of Affirm?

Affirm faces competition from various companies in the financial technology and buy now, pay later (BNPL) space, including firms like Afterpay, Klarna, PayPal's Pay in 4, and Sezzle. These competitors also offer similar financing solutions, targeting the same consumer and merchant markets. The growing popularity of these services indicates a rapidly evolving industry, where providers must innovate continuously to differentiate themselves.

What are the future plans for Affirm?

Affirm continually explores opportunities for growth within the financial technology sector, including potential expansions in partnerships with new retailers and enhancements to its product offerings. The company aims to innovate further in the BNPL space and stay ahead of emerging market trends. Additionally, Affirm is likely to focus on enhancing customer experience and possibly expanding into new geographical markets as it seeks to solidify its leadership position.

What are the risks associated with using Affirm?

Using Affirm involves certain risks, primarily linked to the potential for accumulating debt if consumers are not careful with their repayment plans. While Affirm's transparency in terms and fees can be an advantage, consumers may still find themselves in financial strain if they take on more debt than they can handle. Additionally, as with any financial product, changes in interest rates or credit conditions could also impact consumers' repayment abilities.

What credit products does Affirm offer?

Affirm offers a range of credit products focused on buy now, pay later (BNPL) solutions. This includes short-term payment plans typically ranging from three to 12 months, allowing consumers to easily finance eligible purchases from participating merchants. Affirm also provides a straightforward and transparent credit experience with clear terms and no hidden fees, making it an attractive alternative to traditional credit options.

What does Affirm Holdings, Inc. do?

Affirm Holdings, Inc. is a financial technology company that provides point-of-sale financing and buy now, pay later (BNPL) options for consumers and merchants. The company allows consumers to make purchases through its platform and pay for them over time in manageable installments, facilitating a more accessible and transparent payment process. By partnering with various retailers, Affirm enables shoppers to finance their purchases directly at the point of sale, improving their shopping experience.

What is Affirm's customer service like?

Affirm offers dedicated customer service to assist users with their inquiries related to transactions, repayment plans, and account management. Customers can reach out through various channels, including online chat, email, and a phone helpline. The company strives to provide responsive service and has implemented resources, such as FAQs and support documentation, to help users effectively utilize its platform.

What is Affirm's stance on credit scores?

Affirm takes a more inclusive approach to credit approval and does not rely solely on traditional credit scores to evaluate potential borrowers. Instead, the company uses a proprietary algorithm that considers a wider range of data points, which allows it to assess creditworthiness more comprehensively. This approach enables Affirm to provide financing options to a broader spectrum of consumers, including those with limited credit histories.

What is the Affirm business model?

Affirm’s business model revolves around providing point-of-sale financing to consumers, allowing them to make purchases and pay over a set period in fixed monthly installments. Merchants that collaborate with Affirm pay a fee for the service, which enables them to offer financing options to their customers. Affirm generates revenue through interest charges and merchant fees, creating a sustainable model by balancing consumer interest with retailer partnerships.

What is the target market for Affirm?

Affirm targets both consumers and merchants within the e-commerce space. On the consumer side, the platform appeals to individuals seeking flexible payment options for online purchases without incurring high-interest rates typical of credit cards. For merchants, Affirm provides a way to increase conversion rates and average order values by offering financing options at checkout, thus attracting a broader customer base.

When was Affirm Holdings, Inc. founded?

Affirm Holdings, Inc. was founded in 2012 by Max Levchin, who is a co-founder of PayPal and served as its CEO. The company was established to create more flexible and transparent financial solutions for consumers, addressing the often opaque nature of traditional credit options. Since its inception, Affirm has experienced significant growth and has become a leader in the BNPL space.

Where is Affirm Holdings, Inc. headquartered?

Affirm Holdings, Inc. is headquartered in San Francisco, California. This location allows the company to be at the heart of the technology and finance industries, enabling it to attract top talent and collaborate with other innovative companies. The office environment fosters creativity and development, essential for a technology-driven financial services firm.

What is the current price of Affirm Holdings, Inc. - Class A Common Stock?

The current price of Affirm Holdings, Inc. - Class A Common Stock is 34.01

When was Affirm Holdings, Inc. - Class A Common Stock last traded?

The last trade of Affirm Holdings, Inc. - Class A Common Stock was at 2:55 pm EDT on April 4th, 2025

What is the market capitalization of Affirm Holdings, Inc. - Class A Common Stock?

The market capitalization of Affirm Holdings, Inc. - Class A Common Stock is 2.01B

How many shares of Affirm Holdings, Inc. - Class A Common Stock are outstanding?

Affirm Holdings, Inc. - Class A Common Stock has 59.24M shares outstanding.