Affirm Holdings Inc.
Board Member Resignation and New Appointment at Affirm Holdings, Inc.
Summary
On June 9, 2025, Keith Rabois resigned from the Board of Directors of Affirm Holdings, Inc., effective June 30, 2025. His resignation was not due to any disagreement with the Company. On June 11, 2025, the Board appointed Richard Galanti as a new Class II director, effective July 1, 2025, and as a member of the Compensation Committee. Mr. Galanti is the retired Executive Vice President and Chief Financial Officer of Costco Wholesale Corporation. His appointment is based on his extensive experience in finance, global operations, and leadership roles at Costco.
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About Affirm Holdings Inc.
Affirm Holdings Inc. is a financial technology company that offers a flexible and transparent alternative to traditional credit. Its primary function is to provide consumers with installment loans at the point of sale to finance purchases. This service allows customers to split the cost of large purchases into manageable payments over time, often without hidden fees or compounding interest, which is a distinctive feature in the credit space. Affirm is widely used in e-commerce sectors, partnering with a vast array of retailers to simplify the purchasing process online. Founded in 2012 and headquartered in San Francisco, California, Affirm leverages advanced data analytics to perform credit checks and approve loans quickly, positioning itself as a leader in the "buy now, pay later" market. Through these partnerships, retailers can increase their conversion rates by providing shoppers with more purchasing options, thus enhancing customer satisfaction. As a prominent player in the fintech industry, Affirm Holdings Inc. significantly influences consumer spending behaviors, impacting sectors ranging from retail and travel to wellness and automotive services.
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