Affirm is considered a financial intermediary because it should not be not taking in deposits itself to fund its lending program.
Affirm is one of the leading companies in offering consumers buys now, pay later POS installment loans. Affirm's mission is to enable consumers to buy what they want without incurring unmanageable debt. Unlike other BNPL companies, Affirm offers a choice of payment options.
Affirm is a publicly traded financial technology company headquartered in San Francisco, USA. Founded in 2012, the company acts as a financial institution for installment loans that consumers can use to finance their purchases at the point of sale. Affirm Holdings, Inc. Affirm is one of the popular buys now, pay later options. Affirm allows customers to pay off loans in terms of typically three months to one year for him and is integrated with his websites for many retailers including Target, Walmart, Peloton, Neiman Marcus, and Nike.
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