The Wall Street Journal reported late yesterday that Affirm has started to prepare for an IPO that could value the fintech leader at up to $10 billion; preparations are at an early stage but the company is working with Goldman Sachs on a potential listing possibly before the end of the year; Affirm was valued at $2.9 billion in their last funding round in April 2019; the company has been performing well during the pandemic and just last week they announced a big partnership with Shopify where they will power the e-commerce giant’s buy-now-pay-later offering; other companies in the space are doing very well as the world has moved more to online shopping with PayPal up 70% this year and Afterpay, the Australian company, now the most valuable tech company in that country. The Wall Street Journal.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.