In 2016, affirm has earned a private valuation of between $1.5 billion and $2 billion, making the fintech company join the unicorn club (i.e.

How does affirm make money. Talking about figures, the company’s average apr is 18. Although there are no fees, the corporation does charge interest on its pos loans. Payment options through affirm are provided by these lending.

Customers transact directly through the company’s website or one of its. Looking at the website it seems: They also charge merchants a transaction fee.

Users can pay theur affirm bills online, by debit. It partners with dealers, such as walmart or shopify, for loans ranging from 3 months to 36 months. Affirm charges interest on loans it extends to consumers.

Gains on sales of loans: Customers directly transact with affirm. They earn money through the interest income as they charge interest (apr) between 10% to 30% depending upon the type of credit given to the.

Affirm makes it easy to repay the loan, send out email and sms text messages to remind the customer of upcoming payments. Affirm makes money from the loans the company makes to customers. Affirm makes money from the loans it gives out to customers.

So, basically affirm makes money through the interest that customers pay on the loan. Affirm is one of the leading companies offering buy now, pay later (point of sale installment loans) to consumers. That means no prepayment penalty, and no late fees, and.