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What We Do

Affordit helps customers purchase popular products using affordable weekly payments.

How Affordit Works

Customers purchase popular items by submitting a down payment and making subsequent weekly payments. Purchases are made using a customer's debit or credit card account. Each week a payment is automatically withdrawn until the purchase period is over. There are no hidden fees or obligations. Our customers own their products completely.

What's Important To Us

We want to create a simple, friendly way to afford everyday items.

We understand that not everyone can make a big cash purchase at once, but there are many great people in the world who deserve a little bit of credit to help them out. By combining our down payments with low, affordable weekly payments using short terms, we allow people to take ownership of stuff that's important to them under terms they can easily manage.

About Our Founder

Affordit was founded by serial entrepreneur Wil Schroter. Wil has launched 6 Internet companies prior to Affordit, including Swapalease.com, the world's largest auto leasing marketplace, the Go BIG Network, the largest community of startup companies and investors, and Blue Diesel, one of the first interactive ad agencies, which he founded in 1994 and is now part of Inventiv (VTIV).

Our Investors

Affordit has attracted a group of world-class investors who have founded and invested in companies such as PayPal, BillMeLater, and Mint.com among many others. The investment team includes:

• FF Angel, the early-stage investing arm of the Founder's Fund. Led and managed by Peter Thiel, the Co-Founder of PayPal. Other investments include Mint, Twilio, Credit Karma, Facebook, SpaceX, and Quantcast.
• A leading Silicon Valley venture capital firm whose investments include Billshrink, Skype, and Verisign
• Crosscut Ventures: Early stage investor whose investments include DocStoc.com, GumGum and Zadspace
• Baroda Ventures: Owned by David Bohnett, Founder of Geocities (sold to Yahoo in 1999)
• Virtucon Ventures: Startup company incubator created by entrepreneur Wil Schroter, who has launched Swapalease.com, Go BIG Network, BizPlan.com, GotCast.com, and Affordit.com.
• Jim Armstrong, Clearstone Venture Partners - Jim Armstrong managed Clearstone's investment in PayPal and today his portfolio includes Internet Brands (NASDAQ: INET), Vast, Six Degrees Games, and LeisureLink
• Mark Suster, GRP Venture Partners - Mark Suster is a serial entrepreneur and Partner at GRP Venture Partners, whose investments include BillMeLater.com. Mark blogs about startup advice and VC as well.
• Mike Jones, MySpace (Co-President): Mike Jones previously founded Userplane (sold to AOL in 2006) and is now the Co-President of MySpace.com
• Kamran Pourzanjani, Angel Investor - Kamran Pourzanjani co-founded PriceGrabber.com the world's first major comparison shopping engine (sold to Experian in 2005)