FinTech Company Affirm Secures $300 Million Series F Round
Affirm, the financial technology company founded by entrepreneur Max Levchin, raised a $300 million Series F funding round led by Thrive Capital, with participation from new investors Fidelity Management and Research Company, Baillie Gifford, Wellington Management Company LLP, and Ashton Kutcher and Guy Oseary’s Sound Ventures. Returning investors Founders Fund, GIC, Spark Capital, Lightspeed Venture Partners, Moore Asset Backed Fund, LP and Ribbit Capital also participated in the round. To date, Affirm has raised over $800 million in equity funding.
According to the company, Affirm saw a loan volume of $2 billion in 2018 to help consumers make purchases at the point of sale. Affirm also recently opened a flagship office in Pittsburgh, Pennsylvania.
Affirm plans to use the funding to continue to hire top talent and further scale the company.