Affirm's Max Levchin Responds to New Competition From Apple

The transcript discusses Affirm's business model, highlighting its focus on turning browsers into buyers through merchant services. It contrasts Affirm's approach with Apple's potential entry into the market, emphasizing Affirm's decade-long experience in consumer underwriting. The discussion also covers the growth potential of the buy now, pay later market, stressing the importance of responsible lending. Finally, it analyzes consumer spending trends, noting significant growth in travel and retail sectors post-lockdown.

What role does understanding customer behavior play in the firm's business model?

How has the firm's approach to underwriting consumers evolved over the last decade?

What challenges does the firm face with the increasing competition in the buy now, pay later market?