#POSFinance / Affirm Eyes Possible IPO That Could Value POS Lender At $10B

… Affirm’s business lies in offering shoppers the ability to pay for goods in installments via short-term loans. The company’s financing option is visible on the checkout pages online for big brands like Walmart, Expedia Group and soon the quickly-expanding eCommerce app Shopify.

The deal with Shopify came as the latter company was looking to enter the testing phase for its buy now, pay later (BNPL) product, Shop Pay Installments…

The company’s chief executive, Max Levchin, became well known earlier in life when he worked with Peter Thiel to co-found the company that would one day become PayPal…

Affirm was recently ranked number 3 on PYMNTS’ list of BNPL firms.

Another BNPL company, Afterpay, also went public this year, skyrocketing in value. The company became the largest Australian tech firm through market value… and began to expand to the U.S. … adding 1.6 million new users this year through the move.

https://www.pymnts.com/news/ipo/2020/affirm-preps-for-ipo/