Affirm Investor Presentation Deck

Robust Access to Diversified Pools of Capital Diverse and durable funding model provides flexibility through four primary channels Warehouse Forward Flow Securitization - On Balance Sheet affirm Securitization Off Balance Sheet - Description Asset-backed debt; borrowing using loans as collateral Third-party loan sales Packaging loans into security; retaining risk Packaging loans into security; selling security Financial Products All IB, High & Low AOV 0% (excl. Split Pay) All High AOV 0% Funding Economics 2-4% Interest expense + Amortized debt Issuance costs ~1-5% Gain on sale 1-3% Interest expense + Amortized debt Issuance costs ~1-5% Gain on sale Advance Rates 80-90% 100% 90-99% 95-99% 26

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