Affirm, which offers instant loans for online purchases, said on Monday it has raised another $200 million in equity. The San Francisco-based company’s Series E funding round was led by Singapore’s sovereign wealth fund GIC. It also had participation from Khosla Ventures, Lightspeed Venture Partners, Founders Fund, Spark Capital, Caffeinated Capital, Ribbit Capital and others.
The latest round brings its total equity funding to $450 million. It also brings its valuation to a reported $1.5 billion to $2 billion, according to The Wall Street Journal, up from a previous valuation of $800 million. [ Forbes ]