Affirm, a payment plan FinTech, hopes to raise $1.5bn in its latest funding round.
The company is valued at $3bn currently.
PayPal founder Max Levchin started the business.
It raised $300mn in Series F funding recently, bringing total capital raised to $1.03bn.
What does this mean?
Affirm currently offers customers different payment plan options at the point of sale, tailored to their needs – now, it’s following the lead of major FinTechs and moving into the B2B market, which will require even more capital raised.