Affirm Holdings, Inc. AFRM

What this company does

Affirm Holdings, Inc. offers three main loan product offerings: Pay-in-X, 0% annual percentage rate (APR) monthly installment loans, and interest-bearing monthly installment loans, with Pay-in-X consisting primarily of short-term payment plans of one to four 0% APR installments. It also facilitates the issuance of the Affirm Card, a debit card that can be used physically or virtually and that allows consumers to link a bank account to pay in full or apply to pay over time for a purchase through the Affirm App. Substantially all of the loans facilitated through its platform in the United States are originated through Celtic Bank, an FDIC-insured Utah state-chartered industrial bank, and Lead Bank, an FDIC-insured Missouri state-chartered bank. Its platform is available to merchants and consumers in the United States, Canada and the United Kingdom. As of June 30, 2025, it had approximately 377 thousand active merchants, ranging from small businesses to large enterprises, direct-to-consumer brands, brick-and-mortar stores, and companies with an omni-channel presence. For the fiscal year ended June 30, 2025, it facilitated consumer purchases of $36.7 billion in gross merchandise volume. As of June 30, 2025, it had a total of 2,206 employees, primarily located in the United States. Affirm was founded in 2012.

Written from the business description in Affirm Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 28 August 2025. Every sentence was checked against that document before publication.