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xoxoy
on Nov 18, 2020
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Affirm Public S-1 Filing
doubling revenue while keeping losses stable is pretty good, especially when we’re talking about consumer credit
JumpCrisscross
on Nov 18, 2020
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Does Affirm carry the credit risk on its books?
xoxoy
on Nov 18, 2020
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Haven’t read the prospectus but I know they sell loans to investors and they are fairly highly rated from a credit perspective. I’m sure they have some debt on their books too though.
wholien
on Nov 18, 2020
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some debt, but that is mostly for experimentation purposes. Most everything goes into different debt facilities or are securitized and sold
formercoder
on Nov 19, 2020
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No one would buy the debt if they didn’t hold on to any.
xoxoy
on Nov 19, 2020
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sounds about right.
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