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Affirm's CEO Advocates Transparency, Reports Strong Holiday Earnings

12/16/2025

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Summary

Story summary

Max Levchin, CEO of Affirm, states the company does not charge late fees.
Levchin notes that effective underwriting can eliminate the need for late fees.
Levchin advocates transparency in lending.
Affirm recently reported strong earnings and higher holiday spending, including Gen Z shoppers, with a rebound in sports goods spending and more customers choosing six-month payment plans.

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Story summary

Max Levchin, CEO of Affirm, states the company does not charge late fees.
Levchin notes that effective underwriting can eliminate the need for late fees.
Levchin advocates transparency in lending.
Affirm recently reported strong earnings and higher holiday spending, including Gen Z shoppers, with a rebound in sports goods spending and more customers choosing six-month payment plans.