Affirm Investor Presentation Deck

Risk Management Starts Before an Application is Submitted New Merchant Proprietary Underwriting All merchants undergo evaluation and approval process to review key business metrics and assess potential risks to help inform pricing. Billions of unique data points for algorithm +↓↑ Advanced machine learning models provide advantages over traditional credit models and leverage billions of data points to assess every transaction before extending access to credit, including: • Credit bureau data Credit utilization Transaction history • Affirm repayment history Merchant & transaction details ● . ~80 Specific inputs to detect fraud 70M+ Loans power and improve models Constant Monitoring Ongoing monitoring of credit performance and mix at merchant and transaction level provides ability to quickly refine models. Structural advantage of Affirm's short weighted- average-life of loan of 5 months provides increased flexibility and agility. 500+ Data points for risk management 22

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