San Francisco-based consumer lending company Affirm has secured $300 million in Series F funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 3 and led by Thrive Capital.
According to its Crunchbase profile, "Affirm is a financial technology services company that offers installment loans to consumers at the point of sale. Its aim is to improve the banking industry to be more accountable and accessible to consumers."
The seven-year-old company has raised six previous funding rounds, including a $200 million Series E round in 2017.
The round brings total funding raised by San Francisco companies in financial services over the past month to $665 million, and increase of $478 million from the month before. The local financial services industry has produced 224 funding rounds over the past year, securing a total of $4.6 billion in venture funding.
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