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  "documentTitle": "Affirm | Results Presentation Deck | 52 slides",
  "authorId": "affirm",
  "authorName": "Affirm",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2025-02-01 00:00:00",
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      "text": "Product and Go-to-Market Initiatives:\nOur outlook includes the expected financial impact of our Affirm Money Account, the business-to-business (B2B) product, and our UK expansion. None of these initiatives are expected to be material growth contributors during FY'25.\nA recently-launched wallet partnership is not expected to contribute materially to financial results in FY'25. This reflects that the partnership remains in the early stages of commercialization.",
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      "text": "Funding:\nEquity Capital Required (\"ECR\") as a percentage of Total Platform Portfolio (“ECR Ratio\") is expected to remain 5% or less\nBased upon the current forward interest rate curve which is embedded in our outlook, benchmark interest rates are expected to decline in FY'25 which should be a tailwind to RLTC as a percentage of GMV.",
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      "text": "Enterprise Warrant Expense:\nExpenses associated with amortization of the A through C tranches of warrants granted to an enterprise partner are expected to decline to $5 million per quarter in FQ3'25 and FQ4'25 compared to $74 million in FQ3'24 and $72 million in FQ4'24.\nFY'25 expenses associated with the \"performance tranche\" of warrants granted to the aforementioned enterprise partner are expected to be similar to FY'24.",
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      "text": "Key Assumptions Incorporated in Outlook",
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