Working to understand Affirm’s reported IPO pricing hopes – TechCrunch
Working to understand Affirm’s reported IPO pricing hopes How much revenue does it takes to earn an eleven-figure valuation?
News broke last night that Affirm, a well-known fintech unicorn, could approach the public markets at a valuation of $5 to $10 billion.
So let’s how learn much revenue it takes to earn an eleven-figure valuation on the public markets by offering consumers credit.
Affirm’s businessAffirm loans consumers funds at the point of sale that are repaid on a schedule at a certain cost of capital.
Synchrony is worth $13.5 billion as of this morning, making it a company of similar-ish value compared to the top end of the possible Affirm valuation range.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
The United States averages 20 technology companies founded per year that reach $100 million in revenues.
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