The internet has been abuzz with talks about Affirm, a financial services company founded by PayPal co-founder Max Levchin. Many people have been asking the same question: Is Affirm owned by Amazon?
The short answer is no. Affirm is an independent company, and Amazon does not currently have any ownership stake in it.
However, that doesn’t mean the two companies aren’t connected in any way. In fact, Affirm has actually partnered with Amazon to offer customers the option to finance their purchases through Affirm’s payment plans.
This means that customers can spread out their payments over several months, making it easier for them to afford Amazon purchases.
Affirm also offers its own credit card and loan products, both of which can be used to pay for items on Amazon. This means that customers can use Affirm’s loans or credit cards to finance their Amazon purchases without having to use a third-party lender.
In addition, Amazon has also invested in Affirm’s Series D funding round. Although this does not mean that Amazon owns the company, it does suggest that the two companies have some sort of relationship.
It is clear from all of this evidence that while Affirm is not owned by Amazon, the two companies are closely connected and have formed a partnership in order to provide customers with more financing options when shopping on Amazon.
Conclusion:
No, Affirm is not owned by Amazon but they do have a close relationship as partners and investors in each other’s business ventures.
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