[xoxoy]

doubling revenue while keeping losses stable is pretty good, especially when we’re talking about consumer credit

[JumpCrisscross]

Does Affirm carry the credit risk on its books?

[xoxoy]

Haven’t read the prospectus but I know they sell loans to investors and they are fairly highly rated from a credit perspective. I’m sure they have some debt on their books too though.

[wholien]

some debt, but that is mostly for experimentation purposes. Most everything goes into different debt facilities or are securitized and sold

[formercoder]

No one would buy the debt if they didn’t hold on to any.

[xoxoy]

sounds about right.