NASDAQ: AFRMAffirm Holdings Inc Statistics & Facts
Key Affirm facts
- Founded
- 2012
- Headquarters
- San Francisco, California
- Founders
- Max Levchin, Nathan Gettings, Jeffrey Kaditz, Alex Rampell
- IPO Date
- 2021-01-13
Affirm Platform Statistics
Affirm Revenue Breakdown
Affirm Expense Statistics
Affirm Expenses by Type
Affirm stats breaking down the company's costs and expenses by type.
Source:Affirm
Sales and marketing
$638.28M
General and administrative
$586.40M
Technology and data analytics
$615.82M
Processing and servicing
$257.34M
Funding costs
$183.01M
Loss on loan purchase commitment
$140.27M
Affirm spent $638.28 million on sales and marketing in its fiscal year 2023, up from $532.343 million in fiscal 2022. [1]
Date: Aug 25, 2023
Affirm Employee Stats
Affirm Miscellaneous Stats & Facts
Affirm acquired Returnly, a company that managed the returns of digital purchases, for $300 million in 2021. In 2023, Affirm shut down Returnly in favor of Loop. [6]
Date: Jul 6, 2023
At the time of its 2023 shutdown by Affirm, Returnly had 1 million users. [1]
Date: Aug 25, 2023
In 2023, Affirm became the first buy now, pay later provider on Amazon. [7]
Date: Nov 2, 2023
There are around 235,000 active merchants on Affirm. [2]
Last Accessed: Jan 12, 2024
64% of loans facilitated via Affirm are taken out by repeat customers. [8]
Date: Nov 18, 2020
Demand for Affirm's payment plans quadrupled in the wake of the coronavirus (COVID-19) pandemic. [9]
Date: Jul 22, 2020
Affirm founder and CEO Max Levchin is one of the founders of PayPal. [10]
Date: Jan 5, 2021
Sources
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Statista
https://www.statista.com/statistics/1272162/active-users-and-gmv-of-leading-bnpl-providers/Date: Dec 20, 2023
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Affirm
https://assets.ctfassets.net/4rc1asww3mw7/634GFpJ0jCC43Uygu8eWp3/1512440e0e6c15c06e7bc49c53755d59/-2022-_DEI_Report_-_FINAL.pdfLast Accessed: Jan 12, 2024
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Bloomberg
https://www.bloomberg.com/news/articles/2020-07-22/shopify-teams-up-with-paypal-co-founder-in-battle-with-amazonDate: Jul 22, 2020
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.