Affirm operates a next-generation digital payments platform that offers consumers short-term and longer-term installment financing options—including 0% APR payment plans and interest-bearing fixed-rate loans with no late fees—at checkout with online and in-store merchants across electronics, fashion, home, travel, and other retail sectors. The company earns revenue from merchants through transaction-based fees (higher on 0% products) and interchange fees from its linked debit card, and from consumers through interest income on interest-bearing loans, while maintaining no deferred interest or late-fee charges to align incentives with consumer financial wellbeing. Affirm serves hundreds of thousands of merchant partners and millions of consumers across the United States, Canada, and the United Kingdom, leveraging proprietary risk-assessment algorithms trained on hundreds of millions of loans to approve a broad spectrum of creditworthy borrowers and drive repeat transaction volume.