Hello everyone and welcome to At Barron's. I'm Andy Surwer and welcome to our guest, Max Leibchen,

co-founder and CEO of a firm. Max, great to see you. Great to be here. So why don't I start off by

asking you about a firm for those of us who don't know so much about it? It's now a, if I do say so myself, a nicely diminishing group of people.

So we are available on Amazon and at Walmart,

and every little story you've never heard of

that calls Shopify their merchant platform home.

We are visible at almost 65% of all e-commerce checkouts.

So the number of you who actually have no idea what this thing is is diminishing rapidly.

But what it is, it's a payment product, a way to check out that you can think of as an alternative to credit card.

If you are looking at a purchase that you'd rather pay for over time instead of a single payment right now,

you can click on the Affirm logo and we will instantly give you a handful of choices.

You can pay for it over a few weeks, over a few months.

It's always fixed term.

So the real difference between us and credit cards is credit cards.

The value proposition is just put it over here.

Pay for it as you see fit.

And if you don't pay too much attention, you'll probably pay a lot in fees and interest.

The antidote that is a firm is actually will tell you exactly what the payment plan has to be.

You'll be done paying off the couch or the bicycle or whatever it is you just purchased

in a very specific number of months.

There are no late fees.

There's no compounding.

...