Affirm

Earlier this summer, we hosted our first-ever Europe All-Hands offsite in Wrocław, Poland, bringing together over 200 employees from Poland, Spain, and the UK! 🌍🌟 Our team enjoyed hearing updates from leadership, engaging in learning sessions, and participating in valuable networking opportunities. Check out the event highlights in our video ⬇️ https://lnkd.in/gMGb6wS7 #AffirmEurope #Community #Teamwork

Our CFO Michael Linford spoke with Yahoo Finance’s Brad Smith about today’s ‘vibecession’ (H/T to Kyla Scanlon) and the value Affirm provides consumers. “What Affirm offers is a sense of certainty and control in these uncertain times. It’s not surprising, but nearly all consumers cite having predictable expenses as a key part in maintaining their household budgets. That’s what Affirm offers.” For more of Michael’s insights on the state of the consumer and our recent survey findings, check out the interview here: https://yhoo.it/46GC2B3

Palisades Tahoe, California's largest ski resort, is making skiing more accessible with Affirm’s payment options. 🗣️ In a Q&A with Palisades Tahoe’s Email & Customer Relationship Marketing Manager, we discussed how Affirm’s 0% APR offers have made a significant impact for their business. During a key winter period, there was a 200%+ overall increase in volume year-over-year for Affirm bookings, primarily driven by 0% APR bookings. The inclusion of 0% APR offers also boosted customer intent, raising the booking rate with Affirm from approximately 50% to over 80%. Building on this success, Palisades Tahoe will continue offering these options for the 2024-2025 ski season, making it easier for guests to plan and enjoy their trips. Eligible consumers can spread payments over time – with no interest or hidden fees – for ticket packs, lessons, lodging, rentals, and more, which helps pre-commit crucial revenue for the resort. ⛷️ It’s never too early to think about ski season! ❄️ Check out the full case study: https://bit.ly/4bWnYnG

Today is National Intern Day and we’re excited to spotlight our six Affirm Interns in our summer program! This year, our interns had the opportunity to join us for a hybrid work model in our New York and San Francisco offices where they’ve been able to gain firsthand experience, network and learn more about our business. Thanks for all your hard work! #internsataffirm #nationalinternday #careers

Excited to see Retail Brew highlight why merchants are embracing Affirm’s 0% APR offers over discounts to drive growth and reach new customers. 💡 Our VP of Marketing and Communications, Erika White, shared additional insight into the effectiveness of interest-free pay over time options: “We’ve seen merchants experience sales uplifts of over 20% by offering 0% APR, and when that 0% APR offer is paired with longer payment terms you see those boosts up to 50%.” Check out the full article: https://bit.ly/45MrRdC

Although confidence in the U.S. economy is waning, consumers are finding new ways to feel in control of their finances, according to Affirm’s latest consumer survey. Our SVP of Product, Vishal Kapoor, spoke to CNBC's Jessica Dickler about the survey, which shows that 3 in 5 Americans think we’re currently in a recession. Against this backdrop, consumers are prioritizing flexibility and control when it comes to managing their finances. Other findings from the survey include: 🟢 Roughly 90% of Americans say having a predictable monthly budget is a priority.  🟢 More than half of Americans surveyed (54%) say they have used or would use options to pay over time.  🟢 Nearly 1 in 2 U.S. shoppers (48%) say the availability of 0% APR offers affects their purchasing decisions.  🟢 63% of Americans prefer seeing the total cost of a purchase upfront, including any interest charges. Check out the story in CNBC and our full survey findings for more insights:  https://bit.ly/4cVPLG8 https://bit.ly/4dfgBJb 

We’re excited to share our latest Diversity, Equity, and Inclusion (DEI) report! At Affirm, we develop teams reflective of the diverse consumers, merchants, and communities that we’re privileged to serve. Our inclusive, high-performing culture is a key part of our success and empowers teams to do their best work, delivering on our mission to build honest financial products that improve lives. Take a look inside to learn more about our accomplishments and our ongoing journey to pave the way for a more equitable and prosperous future. https://lnkd.in/dPBuD2CY #DEIreport #affirmers

✅ Excited to share our latest tech blog post that highlights how Affirm ensures that our technological infrastructure keeps pace with the growing scale of our business. 🏗️⚒️ Learn more from Guhan K by reading Cutting the Edge, which does a deeper dive into our infrastructure journey and chronicles the challenges faced, solutions implemented, and the lessons learned along the way https://lnkd.in/e5kenQGT

We’re proud of our 501(c)(3) employee foundation, Affirm Cares, which was started in 2019 to make a significant and meaningful impact in the communities where we live and work! Recently, leaders of our Affirm Cares Advisory Committee got together in NYC to discuss the Affirm Cares mission and vision, improve organizational structure, and plan fiscal year goals. Fabiola Cazares, Sr. Manager, Government Relations, shared, “I had the privilege of attending our annual Affirm Cares Retreat. This experience was a unique opportunity to collaborate with passionate Affirmers, all committed to making a difference through our work at Affirm Cares. We also had a great time bonding over a fun team activity and dinner! The retreat was deeply inspiring; it reinforced my belief in the power of collective effort and the impact we can make when we come together with a shared mission. I'm excited about the path ahead and look forward to contributing to the growth and success of Affirm Cares.” Learn more about Affirm Cares: https://lnkd.in/gaNMWv3n #community #givingback #affirmers

CNBC’s Kelly Evans spoke with our Founder and CEO, Max Levchin, earlier today on why it’s time for “revolving” on a credit 💳 to be rebranded as “buy now and pay forever”. 💭 Max said: “The most important thing we deliver [consumers] is a sense of certainty and control… We don’t allow revolving. We don’t charge compound interest. We don’t charge late fees.” Check out the full interview to learn more about the state of the consumer and U.S. economy. You’ll also get a sneak peek into the upcoming results of a recent Affirm survey of 2,000 Americans. 👀 https://bit.ly/3SbBAEI