• Google Pay redesign - Hedge fund salaries revealed - Affirm gears up for IPO

    7 days ago - By Business Insider

    Traders with masks work on the first day of in-person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020.
    REUTERS/Brendan McDermid
    The weekend is near. New York City public schools, the largest school district in the country, announced it is transitioning its more than 1.1 million students to remote learning. It's the latest sign of the type of lockdowns that are being rolled back out as a result of a rise in positive coronavirus cases. Meanwhile, startup Affirm posted its S-1. It's the latest...
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  • Affirm just made its IPO filing public, providing the first detailed look inside the breakout 'buy now, pay later' fintech startup's finances

    8 days ago - By Business Insider

    Affirm CEO Max Levchin.
    Drew Angerer/Getty Images
    Affirm, a fintech startup that enables consumers to pay for online purchases as they go, publicly revealed its initial public offering documents on Wednesday.
    The company reported a net annual loss of $125.8 million for its latest fiscal year, which ended in June, down 6% from 2019 - while its annual revenue nearly doubled year-over-year to $509.5 million.
    Affirm, founded and headed by PayPal alum Max Levchin , confidentially filed to go public in October, and was privately valued at $2.9 billion last year, according to PitchBook .
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