Affirm Launches SuperApp and Browser Extension to Bring Consumers More Smart Ways to Shop and Manage Their Finances
January 26 2022 - 8:00AM
Business Wire
SuperApp is Ultimate Destination for Consumers
to Shop, Pay, Earn and Save
Browser Extension Enables Consumers to Pay with
Affirm for Any Online Purchase Via Google Chrome
Affirm (NASDAQ: AFRM), the payment network that empowers
consumers and helps merchants drive growth, today announced the
launch of two significant additions to its product suite: the
Affirm SuperApp and Chrome browser extension. Affirm’s new SuperApp
delivers the best of Affirm’s shopping, payments, and financial
services in one easy-to-use destination. The new Google Chrome
browser extension allows consumers to use Affirm’s flexible and
transparent payment solutions at virtually any retailer’s website,
even if Affirm isn’t listed as being available at checkout.
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the full release here:
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“We know that consumers want a one-stop shop to manage their
finances. Affirm saw this firsthand when we added Savings to our
app, which has since attracted more than $300 million in total
deposits while driving meaningful engagement,” said Max Levchin,
Founder and Chief Executive Officer of Affirm. “By evolving the
Affirm app into a super app, we have launched the ultimate
destination for consumers to shop their favorite brands and smartly
manage their finances, while also delivering a seamless, rewarding,
and increasingly personalized experience.”
In the new and improved Affirm app, consumers can:
- See their Affirm snapshot including how much they might
be able to spend, how much cash back they have earned, how much
they have saved, and their outstanding payments – on the completely
reimagined home screen
- Shop exclusive offers from their favorite merchants,
which are tailored based on their shopping preferences in the
app
- Shop online or in-store by creating a single use Affirm
virtual card and entering that card number at online checkout as
they would with a regular debit or credit card, or through their
mobile wallet in-store
- Earn cash back rewards by paying upfront at
participating merchants, and the opportunity to increase spending
limits with positive repayment behavior
- Manage their Affirm payments and Affirm Savings, whether
turning on AutoPay, making payments early, or checking how much
they have earned in savings
During the beta period, Affirm saw increased consumer engagement
and repeat use of the Affirm app. Consumers can update their Affirm
App or download it from the App Store or Google Play store
today.
Levchin continued, "We also know that consumers value
convenience and increasing Affirm's ubiquity through our browser
extension delivers just that. Last year, more than half of U.S.
consumers browsing the internet used Google Chrome. Now, each of
those consumers can pay-over-time with Affirm – whether buying a
new sweatshirt or redecorating their home – almost anywhere they
shop online."
To start using the Chrome extension today, consumers can:
- Download it from the Chrome web store
- Click the puzzle icon on their browser, then click the
thumbtack to pin the Affirm browser extension
- Login to their existing Affirm account with their phone number,
or sign up by entering a few simple pieces of information,
including name, email address and birth date
- Shop their favorite stores online to see how much they're
prequalified to spend
- Request a virtual card through the extension, select an Affirm
payment plan, and complete their purchase as they're used to
During the beta period, Affirm found that among existing Affirm
users, those using the Affirm Chrome extension were over 30 percent
more likely to pay for a purchase with Affirm.
About Affirm Affirm’s mission is to deliver honest
financial products that improve lives. By building a new kind of
payment network — one based on trust, transparency and putting
people first — we empower millions of consumers to spend and save
responsibly, and give thousands of businesses the tools to fuel
growth. Unlike credit cards and other pay-over-time options, we
show consumers exactly what they will pay up front, never increase
that amount, and never charge any late or hidden fees. Payment
options through Affirm are subject to eligibility, and are provided
by these lending partners: affirm.com/lenders.
Follow Affirm on social media: LinkedIn | Instagram | Facebook |
Twitter.
AFRM-F
Payment options through Affirm are subject to eligibility, and
are provided by these lending partners: affirm.com/lenders. CA
residents: Loans by Affirm Loan Services, LLC are made or arranged
pursuant to California Finance Lender license 60DBO-111681.
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version on businesswire.com: https://www.businesswire.com/news/home/20220126005254/en/
Press Contact press@affirm.com (650) 398-2715
Investor Contact ir@affirm.com
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