US-based fintech firm Affirm has secured $300m investment in a series F funding round led by Thrive Capital.
Thrive will have one seat on Affirm’s board as part of the deal.
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Fidelity Management and Research Company, Baillie Gifford, Wellington Management Company, as well as Ashton Kutcher and Guy Oseary’s Sound Ventures also took part in the fundraising.
All of them are new investors.
Thrive was also joined by existing backers including Founders Fund, GIC, Spark Capital, Lightspeed Venture Partners, Moore Asset Backed Fund, LP and Ribbit Capital.
The fresh funds take the total capital raised by Affirm till date to more than $800m.
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By GlobalDataThe fintech company will use the capital to increase headcount and scale operations.
Moreover, Affirm has made several senior appointments.
These include the appointment of Silvija Martincevic as its chief commercial officer.
Martincevic most recently worked as the COO for International at Groupon.
In the new role, she will manage revenue efforts and work to align key functions like marketing and communications.
Additionally, Greg Fisher has been named Affirm’s chief marketing officer.
Fisher formerly had stints at PayPal, Braintree and Venmo.
Affirm can be used to make payments worth a maximum of $15,000 at more than 2,000 merchants.
Recently, the firm launched an office in Pittsburgh, Pennsylvania.
