Press Release May 07, 2015

Goodwin Represents Affirm in $275 Million Financing

Goodwin Procter attorneys recently advised Affirm, a financial technology company, on its $275 million debt and equity financing. The company, led by PayPal co-founder Max Levchin, raised funds from new investors Spark Capital Growth, Jefferies and Andreessen Horowitz, as well as existing investors Khosla Ventures and Lightspeed Venture Partners.

Affirm is a financial services technology company that is reimagining consumer finance by providing consumers new and innovative ways of financing their purchases at the point of sale. All underwriting and pricing are adaptive based on data that prices marginal risk in real time, and every aspect of taking out a loan is completely transparent. The company is based in San Francisco, Calif.

The Goodwin team advising Affirm was led by Craig Schmitz and Anna Dodson, and included Robert Kester, Michael Whalen, Matt Dyckman and Andy Hill.

Additional information regarding Affirm’s fundraise is available in the company’s press release.