Affirm Lands $45,000,000 New Financing Round

  • Feed Type
  • Date
    6/10/2014
  • Company Name
    Affirm
  • Mailing Address
    PO Box 2854 San Francisco, CA 94126 USA
  • Company Description
    Credit cards don’t always fit the bill, so Affirm offers clear and flexible financing options. We’ve eliminated complex fees and the other frustrations of typical consumer credit. Affirm is also the safest way to buy: since we don’t use traditional credit card numbers, there’s nothing to steal.
  • Website
    http://www.affirm.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $45,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Levchin plans to grow Affirm’s staff to more than 50 by the end of this year. He is also meeting with investors to discuss raising more capital that will enable the company to expand the kinds of loans it can offer. Eventually, he said he aims to offer loans to small businesses in addition to individuals.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor