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Financial Flexibility for Consumers Increased Sales for Merchants
Affirm Consumer Financing
We’ve assembled a team with deep experience in payments, social, mobile, and security founded by CEO Max Levchin and
Chief Risk Officer Nathan Gettings.
Consumer finance is ready for change Consumer finance hasn't evolved in years. We're building smarter, simpler, and more transparent financial tools with
customer happiness as first priority.
Max was co-founder/CTO of PayPal and board member of Yahoo!,
Yelp, Evernote, and others
Nathan was co-founder & CTO of Palantir and co-founder of RoboteX
Affirm increases cart size by 35%
17% of sales happen with Affirm In our unassisted pilots, we’re seeing very high usage
We’re lifting carts and making merchants happy.
21% of mobile sales happen with Affirm In our unassisted pilots, we’re seeing very high mobile usage
Current • One-time full online payment • Financing available via credit
check system, low approval ratings (<40%); requires: DOB, full SS#, driver’s license, and financial history
• Late payments result in high
APRs, on average 28.9%
Affirm • Installments (3, 6, and 12 months)
and Pay Later (30, 60, 90 days)
• Only need name, mobile phone number, e-mail, DOB, and last 4 digits of SSN
• Late payments are known ahead
of time as a fixed dollar amount, calculated to be less than a 10% APR
Better lending through big data Affirm brings a new financing solution to an old problem.
Installments Split the payment, increase sales.
Installments
Make the most of customer visits. “I was going to buy two nightstands, but now I can also buy matching lamps and split the cost over the next 6 months.”
Expand the effect of sales and special events. “Six monthly payments lets me take full advantage of this weekend’s
big sale.”
Upgrade planned purchases. “I was going to get fabric, but the leather sofa is a lot better. Splitting the
cost into 6 payments gives me the ability to upgrade.”
Try a demo: http://afrm.co/inst
Pay Later Payment flexibility, larger orders
Installments
Purchasing power where it’s most impactful. “I’d really like those three items too, but I could use some help
until my next pay cycle.”
Consumer financing focused on the consumer. “Affirm charges no interest and only small service fees if I want
more time to pay. My credit card’s APR is really high. ”
Upgrade planned purchases. “I was going to get a smaller table, but the solid oak one is better. Having an extra 6 months to pay gives me the chance to upgrade.”
Try a demo: http://afrm.co/m
We’re seeking our next partners
Co-marketing budget. We want to contribute to promote the service and provide
incentives to your customers.
Onsite engineering support. We can deploy onsite engineering support to help with integration.
Special charter partner pricing. For our first 50 partners, we’re offering special, low pricing.
After a year in beta, we are seeking our next set of partners. We’d want to provide thorough support.
Try a Demo
Try Affirm out for yourself:
Pay Later: http://afrm.co/later
Installments: http://afrm.co/3easy
(You won’t actually be purchasing anything.)
How can we help you?
We’re looking for our next set of merchant partners. Can Affirm help you and your customers?
Brad Selby [email protected]
(415) 562-7065
