Affirm Holdings, Inc..
AFRM.US | Other credit granting
Affirm Holdings, Inc. operates as a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solutions for consumers, merchant commerce solutions, and a consumer app. Affirm provides installment loans to consumers at the po...Show More
Better Health for All
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Affirm's core service of providing installment loans facilitates access to various health-related services. The company has partnered with healthcare providers like Coast Dental and FuturHealth, offering financing for dental services, GLP-1 medications, meal plans, consultations, and lab services.
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Affirm's network of active healthcare providers grew by 90% year-over-year, and its network of elective medical merchants increased to approximately 130 by the end of 2023, more than doubling in the past year.
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Nearly half of elective medical transactions offer 0% APR, and GLP-1 medications, which typically cost over $1,000 per month, are available with 0% APR payment plans.
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Affirm's payment plans are described as transparent, with no late or hidden fees.
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However, the company faces regulatory scrutiny from the Consumer Financial Protection Bureau and an investigation by Pomerantz Law Firm into potential securities fraud or unlawful business practices.
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Affirm also faces numerous potential regulatory violations related to licensing, interest rate limits, lending laws, and anti-money laundering regulations, as well as potential discrimination concerns regarding its use of machine learning algorithms in loan decisioning.
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The company's business model, which involves providing loans, carries inherent risks of over-indebtedness, which can negatively impact mental health.
Fair Money & Economic Opportunity
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No evidence available to assess Affirm Holdings, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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Affirm Holdings, Inc. reports a CEO-to-median employee pay ratio of 2:1.
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Employee engagement, based on Glassdoor reviews, shows an average rating of 3.8 out of 5 stars.
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While 66% of employees would recommend working at the company and 59% have a positive business outlook, some employee reviews highlight concerns such as poor management, abrupt layoffs, lack of transparency, and limited growth opportunities.
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There are also notable differences in employee ratings across demographic groups, with people with disabilities rating the company 2.5 out of 5, compared to Asian employees at 4.4 out of 5.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Affirm Holdings, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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The provided articles do not contain specific, concrete data points for any of the KPIs related to Honest & Fair Business practices. There is no information regarding regulatory fines, transparency index scores, whistleblower policies, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict of interest percentages, anti-corruption policies, or third-party verification of ethical claims. mentions an ongoing shareholder investigation into potential securities law violations but does not report any specific fines or outcomes.
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notes an insider trading activity that explicitly states compliance with SEC Rule 10b5-1, but this does not provide data for any of the defined KPIs.
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Kind to Animals
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Affirm Holdings, Inc. operates as a digital and mobile-first commerce platform, providing installment loans and merchant solutions. Its business model does not involve the production of physical goods, animal testing, animal agriculture, or the sourcing of animal-derived ingredients.
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According to crueltyfreeinvesting.org, Affirm has no animal exploitation.
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Therefore, all KPIs related to animal products, testing, agriculture, or direct wildlife impact are not applicable to its operations.
No War, No Weapons
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No data relevant to Affirm Holdings, Inc. (AFRM.US) or the 'No War, No Weapons' ethical value was found in the provided articles. The articles focused on the company's grant programs and financial services offerings, explicitly stating no information related to the requested metrics.
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Planet-Friendly Business
-50
Affirm Holdings, Inc. has not established any specific science-based targets (SBTi).
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The company has not publicly committed to specific 2030 or 2050 climate goals, indicating no declared net-zero target year.
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No specific regulatory actions, violations, fines, or compliance issues are mentioned.
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The company reports 0.0% stranded assets.
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Respect for Cultures & Communities
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No specific, quantitative evidence was found in the provided articles to assess Affirm Holdings, Inc. against any of the KPIs for the 'Respect for Cultures & Communities' value. The articles discuss general DEI initiatives, employee resource groups, and a non-profit foundation.
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but consistently state that no relevant quantitative data for the specified metrics is provided.
Safe & Smart Tech
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No evidence available to assess Affirm Holdings, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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The provided articles do not contain any specific, concrete data points or information regarding Affirm Holdings, Inc.'s waste management, sustainable products, or circular economy practices.
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All articles explicitly state a lack of relevant data for the specified metrics.
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Therefore, no KPIs related to Zero Waste & Sustainable Products can be scored based on the evidence provided.