Affirm makes money from the loans the company makes to customers.
How does affirm make money. There are two main ways for affirm to make money. Affirm's mission is to help consumers afford. Gains on sales of loans:
Talking about figures, the company’s average apr is 18. The business was founded in 2012 and acts. The greatest advantage of affirm is that there are no hidden fees and the interest rate is disclosed upfront.
They also charge merchants a transaction fee. Affirm charges interest on loans it extends to consumers. So, basically affirm makes money through the interest that customers pay on the loan.
How does affirm make money? Payment options through affirm are provided by these lending. Affirm has two revenue streams—first, interest from the pos loans, and second, processing fees from partner.
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. Affirm makes money from the loans it gives out to customers. Looking at the website it seems:
Although there are no fees, the corporation does charge interest on its pos loans. How does affirm make money? The annual percentage rate (apr).