News Formal

Affirm publicly reveals IPO filing amid buy now, pay later surge - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Affirm just made its IPO filing public, providing the first detailed look inside the breakout 'buy now, pay later' fintech startup's finances

that enable consumers to use microloans to defer their payments on goods they purchase online.

The company reported a net loss of $125.8 million during its latest fiscal year, which ended on June 30, down more than 6% from FY 2019. Affirm's annual revenue increased to $509.5 million, up 93% from $264.4 million year-over-year — total expenses also grew around 67% during the same period to $617.3 million from $391.8 million, according to the filing.

Affirm reported just shy of $174 million in quarterly revenue for Q1 2021, up nearly 98% from $87.9 million during the same quarterly period last year, while net losses dropped by around half to $15.3 million from $30.

Goldman Sachs, Morgan Stanley, Allen & Company, and Barclays are listed among the banks underwriting the offering, through which Affirm said it's expecting to raise $100 million — a likely placeholder number. The startup could seek up to a $10 billion valuation,

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

95% only bad news(

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Google Pay redesign — Hedge fund salaries revealed — Affirm gears up for IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thank you very much for your work
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Insider Retail: Americans fret over 'shipageddon,' plus BarkBox's IPO - Business InsiderInsider Retail: Americans are fretting over 'shipageddon,' BarkBox goes public, and brands play fast and loose with 'plant-based' moniker No need to worry. Stay home, let us do the shopping for you! 🛍 Solve You'll be more surprised if you make a good & great cover on BTS_twt which related to economics & businesses 😊 How their powerful influence helps to boost their own country's economies during this pandemic & also helping others. Go check it out & all the magazines 😊👍🏻
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Max Levchin says Amex is a 'North Star' for his fintech Affirm - Business InsiderAffirm CEO Max Levchin just told us why Amex will serve as the buy now, pay later's 'North Star' as it navigates the public markets
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

After Trump meeting, GOP lawmakers affirm Biden will win Michigan - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. GlobalMegaVigil This generation has run to the things of the world first instead of Prioritizing Righteousness first. Cute propaganda Sorry Donnie, you lost, you loser !
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

SoftBank-backed OakNorth on pandemic growth, IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good luck
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »