Affirm Investor Presentation Deck

Proprietary Underwriting is a Key Competitive Advantage 100% 75% 50% 25% 0% affirm Affirm Can Approve More Consumers with the Same Amount of Losses... 0 1 2 Approval Rates 3 6 8 9 Decile of consumers from most creditworthy to least 4 5 7 10 Affirm Consumer Rank 100% 75% 50% 25% 0% ...Or Take on Less Losses with the Same Amount of Consumers 0 1 Cumulative Delinquencies 2 3 5 7 8 Decile of consumers from most creditworthy to least 4 FICO Consumer Rank 6 9 For a given level of risk, our proprietary model is capable of accepting significantly more applications when compared to FICO's scoring methods through a superior ability to price risk. Alternatively, for any given consumer sub-segment, our model produces lower risk outcomes than FICO scoring. 10 24

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