Affirm fills confidential IPO paperwork

Monday 12 October 2020 09:47 CET | News

Affirm Holdings has announced that it had filed confidential paperwork with the Securities and Exchange Commission related to a proposed initial public offering.

Affirms is a US-based financial technology company which lets consumers split purchases into instalments. The company has yet to determine how many shares it would offer in an IPO and said that the offering is expected to take place after the SEC completes its review process.

The company, which was founded by PayPal’s co-founder Max Levchin, announced a USD 500 million series G funding round back in September 2020. Affirm plays into the hot buy-now, pay-later trend, in which shoppers can pay for purchases over time. Others in this space include Klarna, Afterpay, and PayPal, which recently introduced its own split-payments offering.

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Keywords: Klarna, Afterpay, PayPal, Affirm Holdings, IPO, installment, Securities and Exchange Commission, buy-now, pay-later purchases, US
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce