Affirm, a San Francisco, CA-based fintech company that provides an alternative to credit cards, raised $500m in Series G funding.
The round was led by GIC, a returning investor, and Durable Capital Partners LP. Other returning investors include Lightspeed Venture Partners, Wellington Management Company, Baillie Gifford, Spark Capital, Founders Fund, and Fidelity Management & Research Company LLC.
Affirm has raised over $1.3 billion from investors to date.
Led by Max Levchin, CEO and founder, Affirm provides consumers with an alternative to traditional credit cards, giving them the flexibility to buy now and pay over time at virtually any store. Affirm shows customers up front exactly what they’ll pay — with no hidden fees.
The company partners with over 6,000 merchants in the U.S., enabling them to grow sales and access new consumers. Merchants include brands like Walmart, Peloton, Oscar de la Renta, Audi, and Expedia, and span verticals including home and lifestyle, travel, personal fitness, electronics, apparel and beauty, auto, and more.