AFRM
- Affirm Holdings, Inc.
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Overview
Company Summary
Affirm Holdings, Inc. is a financial technology company that provides a range of payment solutions for consumers and merchants. The company operates as a buy-now-pay-later platform, allowing consumers to make purchases and pay for them over time, typically in installment payments.
Affirm partners with various merchants, including e-commerce stores and retailers, to offer their customers the option to split their payments into installments at checkout. Customers can choose Affirm as a payment method and are presented with a transparent payment plan, including interest rates, without requiring a traditional credit card.
One of the key features of Affirm's platform is its focus on transparent pricing and flexible repayment options. The company aims to offer consumers more control and transparency over their finances, providing an alternative to traditional credit cards and loans. By breaking down payments into manageable installments, Affirm helps consumers budget their purchases and avoid high-interest debt.
For merchants, partnering with Affirm can increase sales and conversion rates, as it offers customers a more affordable way to purchase goods and services. Merchants receive the full purchase price upfront, while the risk of non-payment is transferred to Affirm.
In addition to its core installment payment services, Affirm also offers other financial products and services, such as personal loans and savings accounts. This diversification allows the company to expand its offerings and provide a comprehensive suite of financial solutions to its customers.
Overall, Affirm Holdings, Inc. aims to revolutionize the way consumers pay for goods and services by providing flexible and transparent payment options, helping both consumers and merchants navigate the world of finance more effectively.