San Francisco based ecommerce and POS lender has raised $300m in Series F capital from Thrive.
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Max Levchin's Affirm raises $300m in latest funding round
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Levchin started Affirm in 2013 to give consumers without credit history or savings accounts access to small loans. The startup offers financing for online purchases, such as a couch or guitar, which is paid back in monthly installments. For Levchin, Affirm is something of a PayPal 2.0, using big data analytics and highly complex security systems to offer consumers an alternative to traditional banks.
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