Tagged: max levchin

January 13, 2021 @ 9:00 pm By JD Alois  |  

Affirm (NASDAQ:AFRM), the first Fintech of 2021 to complete a traditional (non-SPAC) initial public offering, traded far higher today than its offer price. Affirm priced shares at $49 a piece but rocketed higher. At the close, Affirm traded at nearly double ending the day at… Read More

January 13, 2021 @ 11:57 am By JD Alois  |  

Affirm, a Fintech providing point of sale credit services for consumers bumped up its initial public offering (IPO) price once again – now set at $49 a share. The price increase was due to overall demand. The goal of Affirm is to be a viable… Read More

January 11, 2021 @ 11:22 am By JD Alois  |  

Fintech Affirm will list its shares today at an anticipated price of up to $44 a share. This is up from the prior range of $33 to $38 a share. This is according to the most recent filing with the SEC. Affirm will sell up… Read More

November 19, 2020 @ 6:20 pm By JD Alois  |  

Affirm Holdings has filed an S-1 registration statement with the Securities and Exchange Commission (SEC) indicating its intent to do an initial public offering (IPO). Affirm is a Fintech lender created by Max Levchin, a noted Fintech entrepreneur who co-founded PayPal. Just recently in September… Read More

July 31, 2020 @ 7:51 am By Omar Faridi  |  

Many companies have either launched or are at least considering the possibility of conducting an initial public offering (IPO), despite the economic uncertainty created by the global COVID-19 outbreak. San Francisco-based Fintech firm Affirm, which was established by Max Levchin, the co-founder of PayPal, has… Read More

June 9, 2020 @ 2:18 pm By Samantha Hurst  |  

Affirm, a Fintech founded by vaunted entrepreneur Max Levchin, announced on Monday the launch of its high-yield saving account. As previously reported, Affirm is a point of sale credit provider that is currently working with over 2000 merchants. The company’s goal is to provide shoppers… Read More

April 21, 2019 @ 8:39 pm By Timothy Li  |  

It’s hard to believe that the most attended Fintech conference LendIt Fintech USA had its 7th birthday in the Mecca of Fintech, San Francisco this past week. Thousands of attendees from all over the world descended into San Francisco’s Moscone Center for this once a… Read More

April 17, 2019 @ 10:09 am By JD Alois  |  

Max Levchin, CEO and founder of Fintech Affirm and PayPal co-founder, has joined with PayPal’s founding COO David Sacks, via his Craft Ventures VC fund, to invest in Returnly. The high profile investors jumped aboard a $19 million Series B round. As part of the… Read More

April 4, 2019 @ 7:13 am By JD Alois  |  

Affirm, a Fintech founded by vaunted entrepreneur Max Levchin, has raised a $300 million series F funding. To date, Affirm has raised over $800 million in equity funding. The round was led by Thrive Capital and involved several new investors including Fidelity Management and Research… Read More

April 10, 2018 @ 12:19 pm By JD Alois  |  

LendIt returned to San Francisco this year as it continues with its annual conference which is one of the largest Fintech focused events in the US. This year’s event is a bit different for several reasons. First of all, more traditional banks showed up in… Read More

December 12, 2017 @ 9:15 am By JD Alois  |  

Affirm, a Fintech that provides point of transaction access to credit, has been received Unicorn status, according to multiple reports. Affirm is the creation of Max Levchin, a PayPal co-founder, who knows a thing or two about finance. According to a report in Bloomberg last… Read More

February 21, 2017 @ 9:40 am By Samantha Hurst  |  

Consumer Financial Data Rights Group (CFDR), a new organization that was created to defend consumers’ access to their data and fuels innovation in the fintech industry, announced on Tuesday it has submitted a response to the Consumer Financial Protection Bureau’s (CFPB) request for information (RFI) in regards… Read More

January 20, 2017 @ 11:56 am By Samantha Hurst  |  

 A group of fintech companies announced on Thursday they have come together to create the Consumer Financial Data Rights (CFDR) group. This organization will notably defend consumers’ access to their data and fuels innovation in the fintech industry. Founders of the CFDR group includes leaders from Affirm, Betterment,… Read More

October 14, 2016 @ 10:32 am By JD Alois  |  

Affirm has received a $100 million lending facility from Morgan Stanley. Affirm will use the new capital to expand its Point of Sale (PoS) financing to more retailers. The company stated it expects to triple its loan volume for the year. Affirm was launched by… Read More

May 1, 2016 @ 8:36 pm By JD Alois  |  

Perpetual television news magazine 60 Minutes has finally gotten around to addressing the Fintech movement. 6o Minutes has been on the air since before most of the people reading this were born (1968). The doyenne of the show, Leslie Stahl, tackles the Fintech topic that… Read More

April 27, 2016 @ 12:20 pm By Erin Hobey  |  

Income tax returns e-filing website ClearTax has secured an angel investment of $1.3 million from top Silicon Valley angels. ClearTax was founded in 2011 by the father-son team of Raja Ram Gupta and Archit Gupta, Srivatsan Chari and Ankit Solanki, ClearTax is the fourth Indian start-up  funded… Read More

January 13, 2016 @ 12:00 pm By Erin Hobey  |  

Nearly one third of Americans will be using a technology company for financial services such as loans, mortgages and payments in five years, reports global P2P platform TransferWise Almost one third of Americans are likely to be using a technology provider and not a bank for… Read More

December 1, 2015 @ 12:14 pm By Erin Hobey  |  

Just over a year after securing a $2M seed round, Mirador today announced that the completion of a Series A round of financing. The $7 million investment was led by Core Innovation Capital, with participation from Nyca Partners and Jump Capital. Initial seed investors Collaborative Fund, Wicklow… Read More

August 5, 2015 @ 11:00 am By JD Alois  |  

Affirm, a FinTech startup that provides credit at the point of sale, has acquired LendLayer, an internet finance platform that provides financing options to students.  In what may be a sign of industry consolidation, Affirm announced it had “acquired [the] talent behind education lender LendLayer”…. Read More

November 29, 2014 @ 1:27 pm By JD Alois  |  

Founded by one of the PayPal creators, Max Levchin, Affirm is another company that sees opportunity in confronting the monolithic banking industry. Affirm wants to hook up with consumers at the point of purchase. Instead of purchasers buying products using a credit, a process that… Read More