Affirm IPO: PayPal Founder’s Buy-Now-Pay-Later Lending Fintech Publishes Prospectus

Affirm, a Buy-Now-Pay-Later lender founded by PayPal alum Max Levchin, has filed its prospectus with the SEC and plans to go public on the Nasdaq. Alex dives into Affirms S-1 filing, breaking down how the fintech unicorn generates revenue through both linear interest based loans, interest free offerings, and a small marketplace platform. With GMV numbers trending in the right direction, excellent delinquency rates, and a proprietary risk model that allows Affirm to approve more user seeking credit, Alex likes Affirms current positioning but finds it a bit puzzling why there’s not more competition in this space.

Originally Aired: 12/21/20
#Finance #FintechIPO #Lending

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Filed under: Winner Take All | Topics:

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