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by JumpCrisscross 2044 days ago
Does Affirm carry the credit risk on its books?
1 comments
xoxoy 2044 days ago
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.
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wholien 2044 days ago
some debt, but that is mostly for experimentation purposes. Most everything goes into different debt facilities or are securitized and sold
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formercoder 2044 days ago
No one would buy the debt if they didn’t hold on to any.
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xoxoy 2044 days ago
sounds about right.
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