Image by Christopher Gower

$112M+

Yearly revenue

Affirm IPO

5.6M+

Customers

3

Affirm Locations

San Francisco, Chicago,

New York

$10B+

Valuation

Affirm IPO

IPO INFORMATION

Founded in 2012 by current CEO Max Levchin, Jeffrey Kaditz, and Nathan Gettings. Affirm is an American financial technology company based in San Francisco founded by PayPal founder Max Levchin. Affirm lets users take out microloans at the point of sale with participating vendors and aims to provide a quick, transparent, and more inclusive lending alternative to credit cards. 

In October 2017, the company launched a consumer app that allowed loans for purchases at any retailers. The company announced a partnership with Walmart in February 2019. Under the partnership, Affirm is available to customers in store and on the Walmart website. Since its founding, Affirm has partnered with ecommerce platforms including Shopify, BigCommerce and Zen Cart.

Affirm IPO could prove crucial in the crowded market for point of sale credit

AFFIRM STATISTICS

FUNDING


Affirm has raised a total of $1.5B in funding over 9 rounds. Their latest funding was raised on Sep 17, 2020 from a Series G round.Affirm is funded by 22 investors. Baillie Gifford and Wellington Management are the most recent investors.Affirm has a post-money valuation in the range of $1B to $10B as of Apr 4, 2019, according to PrivCo. Sign up for a free trial to view exact valuation and search companies with similar valuations.Affirm has acquired 2 organizations. Their most recent acquisition was Sweep on Apr 27, 2016.




TOP COMPETITORS


  • Expedia Group
  • HomeAway
  • Booking Holdings (formerly Priceline)
  • VRBO
  • Trivago
  • Booking.com




CORPORATE STATS


  • Over 150 million users worldwide
  • 6 guests check into an Airbnb listing every second
  • The average rent received by hosts per guest arrival in 2018 was $185.00
  • There have been over half a billion Airbnb stays since the company started
  • There are over 650,000 hosts worldwide
  • There are over 7 million listings worldwide in over 220 countries and regions
  • As of January 2020, there are over 100,000 cities with Airbnb listings
  • In December 2019, 10.4 million guests stayed in an Airbnb for the holidays:​
  • On any given night, 2 million people are staying in Airbnb rentals across the world
  • Airbnb’s main website saw 91 million visits in January 2020 with 50% of traffic through mobile devices
  • Airbnb’s yearly revenue in 2018 was $3.6 billion, increase of 38% from 2017
  • Airbnb’s yearly revenue in 2017 was $2.6 billion, increase of 73% from 2016
  • In 2018, Airbnb listings constituted 5.5% of the total demand for lodging in the U.S.




GLOBAL STATS


In 2018, the top 1o countries that saw a direct economic impact from Airbnb based on host income and estimated guest spending were:

  • United States: $33.8 billion
  • France: $10.8 billion
  • Spain: $6.9 billion
  • Italy: $6.4 billion
  • United Kingdom: $5.6 billion
  • Australia: $4.4 billion
  • Canada: $4.3 billion
  • Japan: $3.5 billion
  • Mexico: $2.7 billion
  • Portugal: $2.3 billion




INVESTORS


Affirm is funded by 22 investors. Baillie Gifford and Wellington Management are the most recent investors.




ACQUISITIONS


Affirm has acquired 2 organizations. LendLayer and their most recent acquisition was Sweep on Apr 27, 2016.





AFFIRM TIMELINE

WHY GO PUBLIC?

 

A public listing would improve Affirm’s competitive position against other point of sale credit providers, which have made recent deals to cement their scale among global merchants. From a branding perspective, it would also place Affirm on a path similar to PayPal — an earlier technology startup established as an alternative payment rival to Visa and Mastercard. As one of PayPal’s founders, Affirm CEO Max Levchin has close ties to both companies and is a notable figure in Silicon Valley.

STRATEGY

Affirm has already moved its buy now/pay later strategy into overdrive, following a merchant-building partnership with Shopify, which has more than 1.2 million sellers on its network and will gain preferential position with Affirm for point of sale credit.

affirmsocial.jpg

Interested in trading Affirm shares?

Register in time, and you can purchase new shares even before they are officially traded. You will receive full client support from IPE experts.

DoorDash is the fastest-growing third-party delivery app right now. DoorDash scores valuation of $16 billion as coronavirus pushes it to top of food-delivery chain.

Valued at $16 billion

Coupang is an ecommerce company, which aims to provide quick and efficient delivery of various consumer products to customers, via an intuitive and accessible mobile retail platform.

 

Valued at $9 billion

Airbnb, the world leader in accommodations of the “sharing economy”, allows you to find places to stay directly from individuals in thousands of cities around the world.

Valued at $35 billion

Affirm offers shoppers a buy-now-pay-later alternative to credit cards. The company was started by former PayPal co-founder Max Levchin. 

 

Valued at $10 billion

Stripe, the online payments company founded by Limerick-born brothers Patrick and John Collison. Stripe is Silicon Valley's most valuable start-up and raised new capital at $36 billion valuation. 

 

Valued at $36 billion

Chime is an online-only bank that offers services on the go with no fees and the intention to disrupt and make a change in the fintech and banking industry. Chime is currently rated as the most valuable U.S. consumer fintech company.

Valued at $14.5 billion

Klarna is a banking company providing payment solutions for consumers and merchants. Direct payments, pay after delivery options and installment plans. Klarna has around 235,000 merchant partners and 85 million customers.

Valued at $10.65 billion

Wish, an e-commerce platform known for selling goods from Asia at rock-bottom prices. Wish is aiming to raise roughly $1.1 billion in its upcoming initial public offering, giving it a valuation of up to $14.07 billion. 

 

Valued at $14.07 billion

OUR INVESTMENT PARTNERS

INTERACTIVE PRIVATE EQUITY

18-19, HIGH STREET KENSINGTON,

KENSINGTON

LONDON W8 7DT

UNITED KINGDOM

Further Disclosures | Legal Disclaimer