92
submitted 3 months ago by yogthos@lemmygrad.ml to c/news@hexbear.net
you are viewing a single comment's thread
view the rest of the comments
[-] Owl@hexbear.net 20 points 3 months ago* (last edited 3 months ago)

https://investors.affirm.com/shareholder-services/investor-faqs

2. What is Affirm’s revenue model and how does it make money?

  1. We sell a portion of the assets originated in our platform to third-party investors and recognize a gain or loss on the sale of these loans.

5. How does Affirm fund the loans it underwrites?

We have forward-flow agreements that facilitate the sale of whole loans to counterparties.

Can anybody figure out who is buying these from Affirm? I bet that's the next Lehman Brothers.

[-] barrbaric@hexbear.net 13 points 3 months ago
[-] BeamBrain@hexbear.net 8 points 3 months ago

People who are so poor they have to borrow money just to eat have lots of assets to seize, right?

[-] marxisthayaca@hexbear.net 6 points 3 months ago

Holy shit lmao

this post was submitted on 28 Apr 2025
92 points (100.0% liked)

news

24212 readers
443 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 5 years ago
MODERATORS