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Payment company Affirm is the latest to file for an IPO, after confidentially filing in October.
The newly released S-1 shows that it brought in around $510 million in revenue for the fiscal year that ended June 30, which is 93% year-over-year growth. It had a net loss of $120.5 million and $112.6 million for the fiscal years ending June 30, 2019 and 2020, respectively.
It's a second act for PayPal co-founder Max Levchin, who started Affirm in 2012. Thrive Capital led its $300 million series F round in 2019. Other firms that will benefit include Spark Capital, Founders Fund, Khosla Ventures, Lightspeed, Andreessen Horowitz, and actor Ashton Kutcher.
Karyne Levy ( @karynelevy) is the West Coast editor at Protocol. Before joining Protocol, Karyne was a senior producer at Scribd, helping to create the original content program. Prior to that she was an assigning editor at NerdWallet, a senior tech editor at Business Insider, and the assistant managing editor at CNET, where she also hosted Rumor Has It for CNET TV. She lives outside San Francisco with her wife, son and lots of pets.