Affirm was founded in 2012 by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampel. The company operates an online financial technology platform as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase.
The company announced a partnership with Walmart in February 2019. Using this partnership, Affirm loans are available to customers in-store and on the Walmart website.
Affirm has also partnered with e-commerce platforms including Shopify, BigCommerce, and Zen-Cart.
The company is also Amazon’s exclusive buy now, pay later partner in the United States, at least through January 2023.
The company has taken some heat for allowing the platform to be used for gun purchases, charging higher interest rates that leave many consumers disenfranchised.
Affirm went public on the NASDAQ in late 2020 under the ticker symbol AFRM.
In July 2022, the company stock saw an increase of more than 25 percent, causing some people to wonder if the stock is a good buy or not.
Affirm maintains a corporate office in San Francisco, California.