<p><img src="https://static3.businessinsider.com/image/60007092fe7e140019f7ef2a-2400/Affirm shoping experience..jpg" border="0" alt="Affirm shopping experience." style="display: block; margin-left: auto; margin-right: auto;" data-mce-source="Affirm" data-mce-caption="Affirm shopping experience." data-link="https://www.affirm.com/press"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Affirm extended its two-day post-IPO streak on Thursday as shares surged 31% at intraday highs.</p><p>The stock has now skyrocketed as much as 160% since it began trading publicly on Wednesday. </p><p>CEO Max Levchin said in a prepared video address after the IPO that more than 6 million consumers have used Affirm to pay-over-time since its founding.</p><p>He also noted over 6,500 vendors have used the online lending platform to help drive sales, and the company has done all this without "charging a penny" in late fees or hidden interest.</p><p>The online lender has seen over $10 billion in Gross Merchandise Volume transacted through its platform since July 1, 2016, <a href="https://www.sec.gov/Archives/edgar/data/1820953/000110465921002724/tm2026663-17_s1a.htm">according to recent SEC filings</a>. And it appears Affirm has been able to secure customer loyalty as well, with 64% of all loans being taken out by repeat customers.</p><p>Still, some questions remain around Affirm's reliance on one major customer, <a href="https://markets.businessinsider.com/stocks/pton-stock'utm_source=markets&utm_medium=ingest">Peloton</a>. The exercise equipment and media company represents some 30% of Affirm's total revenue.</p><p>Major investors in Levchin's startup include Peter Thiel's Founder Fund, the venture capital firm Spark Capital, a Singaporean sovereign wealth fund called GIC, as well as Fidelity Management and Research Company LLC.</p><p>Affirm shares are traded at around $122.50 per share Thursday, and the company now boasts a market cap in excess of $14 billion.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener">Cathie Wood's ARK Invest runs 5 active ETFs that more than doubled in 2020. She and her analysts share their 2021 outlooks on the economy, bitcoin, and Tesla.</a></em></p><p><a href="https://markets.businessinsider.com/news/stocks/affirm-stock-price-extends-post-ipo-surge-public-trading-debut-2021-1-1029969869#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/how-symphony-seas-worlds-largest-cruise-ship-deals-with-waste-2020-3">How waste is dealt with on the world's largest cruise ship</a></p>
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