undefined | Better HN

0 pointsJumpCrisscross5y ago0 comments

Does Affirm carry the credit risk on its books?

0 comments

Haven’t read the prospectus but I know they sell loans to investors and they are fairly highly rated from a credit perspective. I’m sure they have some debt on their books too though.

wholien5y ago

some debt, but that is mostly for experimentation purposes. Most everything goes into different debt facilities or are securitized and sold

formercoder5y ago

No one would buy the debt if they didn’t hold on to any.

xoxoy5y ago

sounds about right.

j / k navigate · click thread line to collapse

0 comments

xoxoy5y ago

Haven’t read the prospectus but I know they sell loans to investors and they are fairly highly rated from a credit perspective. I’m sure they have some debt on their books too though.

wholien5y ago

some debt, but that is mostly for experimentation purposes. Most everything goes into different debt facilities or are securitized and sold

formercoder5y ago

No one would buy the debt if they didn’t hold on to any.

xoxoy5y ago

sounds about right.

j / k navigate · click thread line to collapse