LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company's first expansion overseas.
Founded in 2012, Affirm is an American fintech firm that offers flexible pay-over-time payment options.
Affirm, which is authorised by the Financial Conduct Authority, said its U.K. offering will include interest-free and interest-bearing monthly payment options.
Among the first merchants offering Affirm as a payment method in the U.K. are Alternative Airlines, the flight booking website, and payments processing firm Fexco.
Max Levchin, CEO of Affirm, told CNBC that the company had been working on its launch in the U.K. for over a year.
Persons:
Max Levchin, Levchin
Organizations:
PayPal Inc, Enercare Center, LONDON, Financial, Authority, Walmart, Airlines, CNBC, Affirm's
Locations:
Toronto, Canada, American