03 August 2020

US FinTech Affirm prepares IPO at up to $10bn valuation  

Written By FinTech Alliance in FinTech

US FinTech Affirm prepares IPO at up to $10bn valuation  

Unicorn Affirm is preparing for an IPO with a valuation of anywhere between $5bn and $10bn, the Wall Street Journal has reported.  

In Brief:  

  • The report says that Affirm could start trading publicly this year.  

  • Affirm is a buy now, pay later firm that works at the point of sale.  

  • It has recently partnered with Shopify as well as introducing new products such as a savings account.  

What does this mean?  

While preparations have been reported, nothing is set in stone just yet. The FinTech has already raised over $1bn but WSJ says it could also sell itself to another company.  

Read more here.  

 

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