Affirm Holdings: A New Model for Lending
Affirm Holdings (AFRM) has recently filed its S-1 for IPO. AFRM acts as a matchmaker in a two-sided market, bringing together borrowers looking for a way to make payments by installments, without incurring interest, or simple-interest loans; and merchants who provide credit and are charged a fee by AFRM for successful transactions on AFRM’s platform.