Affirm's loan volume more than tripled in 2016, growing to "hundreds of millions of dollars." The company also expanded from 100 to 900 retailers.
Affirm, Inc., the financial services technology company started by Max Levchin to give consumers fair and honest financial products, today announced the 1 millionth consumer installment loan processed through Affirm and made by its bank partner, Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. In contrast to traditional revolving credit products, where hefty fees come hidden in the fine print, and compounding interest can quickly cause a consumer’s finances to spiral out of control, Affirm lets shoppers pay for purchases over time with simple-interest loans that are free of any penalty fees – annual, late, deferred or otherwise.
http://finance.yahoo.com/news/affirm-announces-1-millionth-installment-120000541.html
