Affirm Investor Event Presentation Deck
Illustrative merchant fee rates
MDR has been stable on a like-for-like product basis
12.5%
10.0%
7.5%
5.0%
2.5%
3FQ'21
AFFIRM I 2023
4FQ'21
Core 0% Long
1FQ'22
2FQ'22
- Core 0% Short
3FQ'22
Core IB
4FQ'22
- Pay in 4
1FQ'23
2FQ'23
Non-Integrated Virtual Card
3FQ'23
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Drivers
Product mix - the most
important driver of overall MDR
Loan duration within 0% APR
Merchant mix
Core 0% Long includes loans with term lengths greater than 12 months and 0% APR; Core 0% Short includes loans with term lengths at least three months long but less than or equal to 12 months and 0%
APR; Core IB includes loans with interest from Affirm integrated merchants; Pay in 4 (formerly known as Split Pay) includes loans with 0% APR and 6-8 week term lengths; Non-Integrated Virtual Card
includes loans made by Affirm at non-integrated merchants using Affirm's virtual card technology, excludes loans made in Canada via Affirm or legacy Paybright business and excludes Returnly and Debit+
Card transactions. Metrics are unaudited.
affirm
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