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Affirm offers shoppers a buy-now-pay-later alternative to credit cards. The company was started by former PayPal co-founder Max Levchin and uses proprietary algorithms at the point of sale to determine a person’s creditworthiness.
Recently, Affirm raised $300 million in a Series F round led by Thrive, at a valuation of $3 billion.
So far, Affirm has raised $1.03 billion from companies like Ribbit Capital, Founders Fund, Andreessen Horowitz, Khosla Ventures, Lightspeed Venture Partners and others.