Taking a leaf out of leading US consumer finance player Affirm’s book, listed Australian digital retail finance company zipMoney (ASX:ZIP) has notified the market it plans to acquire personal finance app Pocketbook. The acquisition will see the app ‘pocket’ AU$7.5 million, with $6.0 paid upfront and $1.5 million deferred, subjectRead More
Post Tagged with: "Affirm"
Last week we observed an upsurge in collaborations between startups and financial institutions, but this week is all startup glory. There are some old pros still doing us proud with 9-figure rounds, like Affirm, but a major Korean vital force is not far behind, in the form of e-commerce and seriously chillRead More
Instant online financing at the point of sale could turn out to be big business for the small end of town, especially if companies like Afterpay, zipMoney and Affirm gain further traction. And for a generation yet to be weaned onto credit cards, it could mean a shift in personal financing trendsRead More
Affirm, the lending startup piloted by PayPal co-founder Max Levchin, recently announced plans to report its loan data to the credit bureaus. This will help customers with thin files, particularly millennials, to bolster their credit histories. Affirm provides point-of-sale loans that allow customers, particularly millennials, to finance purchases with participatingRead More
Affirm, the small business lending startup headed by Max Levchin, has raised $320 million to date. Apparently, even Levchin, a PayPal founder, views that as, well, a lot. Yesterday, in a wide-ranging interview with Inc. magazine, Levchin called out fintech for being “oversaturated” and “overinvested.” In other words, we’ve gotRead More
Well, that didn’t take long. Affirm is not a week from its $275 million round of fundraising, and already it is looking to add staff. The company this week began soliciting applications for three new positions: director of manager of consumer risk; “customer success manager”; and recruiting coordinator/junior recruiter. ThatRead More
It wasn’t too long ago that the suggestion that social media data could feed financial services underwriting and products was, well, dubious. Yes, we paid it lip service — isn’t it cool that OnDeck and Lenddo are using social media to make loans? The lip service ends today. Like a slow-moving glacier thatRead More
Affirm Inc., the POS lender, closed a $275 million round today, which coincides with climbing traffic. The site is now hosting around 80,000 unique visitors a month. SimilarWeb.com estimates that Affirm.com is getting around 250,000 visitors per month now. By comparison, PayPal.com, the site Affirm’s founder, Max Levchin, helped launch,Read More
Primary innovation is doing something that has never been done before. Most primary innovation is ridiculous and fails without anybody noticing. Very, very rarely, primary innovation changes the world and the company that creates the innovation becomes a Unicorn. Secondary innovation wins by giving a twist to that primary innovation.Read More
Everyone hates Mondays. But the folks at PayPal probably had a rougher Monday than you. First, it was reported that Amazon was taking on the eBay subsidiary with a new subscription and recurring payments billing service.