Max Levchin, co-founder of PayPal and Affirm
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Lending startup Affirm said Thursday it confidentially filed with the Securities and Exchange Commission for an initial public offering of its common stock.
The company didn’t disclose its financial information and how many shares would be offered. Reuters first reported the news of Affirm’s plans to go public.
Founded in 2013 by PayPal co-founder Max Levchin, Affirm has become a prominent in the “buy now pay later” space that offers point-of-sale loans. The company allows customers to finance online purchases that can be paid back in monthly installments without accruing compounding interest.