

https://investors.affirm.com/shareholder-services/investor-faqs
2. What is Affirm’s revenue model and how does it make money?
- We sell a portion of the assets originated in our platform to third-party investors and recognize a gain or loss on the sale of these loans.
5. How does Affirm fund the loans it underwrites?
We have forward-flow agreements that facilitate the sale of whole loans to counterparties.
Can anybody figure out who is buying these from Affirm? I bet that’s the next Lehman Brothers.
By the way, Chinese GDP growth has shrunk by 1% over the last five years, so surely they’re about to collapse.