Affirm operates a buy now, pay later service that helps retailers boost sales by letting customers pay in installments. Some of the world’s top retailers are using Affirm to ignite purchases including Amazon, Walmart and e-commerce platform Shopify. Peloton — maker of pricey fitness equipment — is also a major Affirm customer.
Customers who use Affirm will pay 0 to 30% in interest rates on purchases depending on credit score. Affirm says it doesn’t charge late fees or any other fees. Affirm earns a commission from retailers that use its service.
The company was founded in 2012 by CEO Max Levchin. He is a software engineer who was also one of the founders of PayPal. Levchin also started a social network called Slide that was purchased by Google for $182 million in 2010.
Affirm had raised over $1.3 billion in venture capital since launch and went public on January 13, 2021 at $49.00 per share.
Affirm says it is now a remote-first company and has offices in Chicago, New York City, Pittsburgh, Salt Lake City, San Francisco, and Toronto.
- Health benefits
- Mental health programs
- 18 weeks parental leave with 4 weeks of return-to-work transition program, at full base pay.
- Access tech, food, lifestyle, and family planning spending wallets for expenses.
- 24 paid days off
- Employee resource groups and community groups
Updated August 28, 2021