Posted on January 5, 2021. At $44 per share price, Affirm would have a valuation in excess of $10 billion, Reuters reported. The company provides online shoppers a way to finance purchases without using a credit card. Affirm eyes IPO with up to $10bn valuation San Francisco-based lendtech, Affirm, is considering an initial public offering (IPO) at a valuation of up to $10 billion. Affirm boasts that it offers merchants a 20% improvement in repeat order rates, as well as an 85% improvement in average order value. February 28, 2021. It was valued last year at nearly $3 billion. Affirm, Inc., NMLS ID 1883087. Yet it faces widening competition. Net loss decreased from $30.8 million in 2019 to $15.3 million in 2020. Affirm, an online buy-now-pay-later platform, was listed on the Nasdaq on Wednesday at $49 a share under the ticker AFRM. Affirm prides itself on showing consumers how much interest they’ll pay upfront and having no late fees. From Benzinga. IPO date: Feb. 5, 2020; IPO price: $12; Last private valuation: $1.1 billion; IPO valuation: $476 million, excluding underwriters’ options. The firm generates its revenue from merchant networks, and through virtual card networks among others. The funding round was l Geographically, it generates a major share of its revenue from the … Affirm Raises $500M Series G Round at pre-money $6.5B valuation @Affirm @mlevchin - 6k+ merchants (reported 85% higher “average order value”) - … Affirm offers 0% financing for Peloton bikes, and Peloton is its largest customer, making up 30% of its revenue in the quarter ending September 30, 2020. The pandemic has tilted Affirm’s trajectory steeply upward, as it has for many fintech companies. Before Forbes, I worked for ten years in marketing consulting, in roles ranging from client consulting to talent management. A recent valuation was not disclosed. Tags EC Newsletter Finance Startups. Here are some of the financial highlights revealed in this week’s S-1 filing. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, The date when the Organization went public, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. Which funding types raised the most money? The start-up, founded by PayPal creator Max Levchin, is working with Goldman Sachs on the listing, according WSJ sources. Sign up for a free trial to view exact valuation and search companies with similar valuations. I’m a graduate of Middlebury College and Columbia Journalism School. WhatsApp acquired by Facebook). Tickers SEC. It charges interest in about half of its transactions, making most of its revenue through fees charged to merchants. Affirm Holdings Inc offers a platform for digital and mobile-first commerce. Levchin’s 11% stake in the company is now worth $2.7 billion, making him fintech’s newest billionaire. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. From TechCrunch. The mattress company dropped its IPO range and slashed its valuation before it began trading back in early February. Taken in the context of the past seven days, Affirm's warm reception also underlines just how bullish investors are feeling about the future of fintech. Image Credits: Nigel Sussman News broke last night that Affirm, a well-known fintech unicorn, could approach the public markets at a valuation of $5 to $10 billion. Savings account is limited to six ACH withdrawals per month. Payment options through Affirm are provided by these lending partners: affirm.com/lenders. AAPL, FB, TWTR), Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. EOY Price: $7.48; Casper’s stock has not done well, pretty much from day two. However, Affirm was able to decrease its net loss to $112.6 million in 2020. As a private company, Affirm last raised money in September, 2020 at roughly one-fifth its current value. Affirm's planned 2020 IPO has been put on hold until next year, The Wall Street Journal reported on Saturday, citing people familiar with the matter. © 2021 Forbes Media LLC. In October 2020, three of my colleagues and I won the Excellence in. Affirm’s IPO range implies a valuation of between $8.1 billion and $9.4 billion. Which investors participated in the most funding rounds? As BNPL startups raise, a look at Klarna, Affirm and Afterpay earnings. Affirm Aims At $9 Billion Valuation In New SEC Filing. Bitcoin’s Energy Consumption Is A Highly Charged Debate – Who’s Right? Affirm has a post-money valuation in the range of $1B to $10B as of Sep 17, 2020, according to PrivCo. Trusted by business leaders. In October 2020, three of my colleagues and I won the Excellence in Personal Finance Reporting award from the RTDNA and NEFE for our stories on Robinhood. “The real question isn’t whether there will be competition—it’s more along the lines of, are we delivering the kind of value that no one else can.”, I lead our fintech coverage at Forbes, and I also write about blockchain technology and investing. Have a tip, question or comment? How much funding has this organization raised over time? The offer is being led by Morgan Stanley , Goldman Sachs and Allen & Co . If Affirm can keep this trend going and continues to expand with the e-commerce industry, it’s possible for Affirm to become profitable in the future. Affirm is a buy now, pay later firm that works at the point of sale. Your rate will be 0–30% APR based on credit, and is subject to an eligibility check. Affirm, a buy-now, pay-later fintech company based in San Francisco, went public today at $49 a share—an implied valuation of $12 billion. Once approved, the customer gets a bar code that can be used at checkout for purchases ranging from $150 to $2,0000. Tags Stori IKEA Fintech Sandbox. Our unmatched +78 NPS (as of Dec 2019 – Jun 2020) comes from our commitment to putting customers first. I’ve also written frequently about leadership, corporate diversity and entrepreneurs. Company founder Max Levchin spoke through the big […] Their most recent acquisition was PayBright on Dec 3, 2020. February 26, 2021. Revenue growth. Afterpay, the five-year-old Australian company valued at $24 billion, has 13 million registered U.S. customers. The start-up is looking at a valuation of up to $10 billion, according to the Wall Street Journal (WSJ), which first broke the news that Affirm was mulling an IPO. Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase. From no late fees and no origination fees to flexible payment plans to complete transparency, our goal is to give your customers a convenient way to say yes to the things they love—without giving up financial peace of mind. Based on outstanding shares sold to IPO investors, the company saw an $11.9B valuation. Affirm reported a net revenue of $509.5 million for the fiscal year that ended on June 30, 2020. Affirm seems to us to be a solid company and we look forward to it getting its IPO done and crytallizing the expected valuation, which we think should be supportive of Atlanticus' valuation. While ecommerce exploded in 2020, Affirm grew revenue 98% over the summer compared with the year prior. It adds that its IPO options include debuting via a special purpose acquisition company (Spac). Unicorn Affirm is preparing for an IPO with a valuation of anywhere between $5bn and $10bn, the Wall Street Journal has reported. Affirm has acquired 3 organizations. That’s up nearly 93 percent from the same period in 2019. Founded in 2012, Affirm lets people buy everything from shirts to car tires and pay them off in regular installments. Tickers TC. Affirm savings accounts are held with Cross River Bank, Member FDIC. In Brief: The report says that Affirm could start trading publicly this year. Follow me on Twitter @jeffkauflin. According to the Wall Street Journal (WSJ), Affirm could begin trading this year.