FOR IMMEDIATE RELEASE
Contact: Joe Boyle
Chief Executive Officer
803-758-2528

AFFINITY TECHNOLOGY RECEIVES FUNDING IN
$1 MILLION CONVERTIBLE DEBENTURE AGREEMENT

Columbia, SC, December 1, 2000 - Affinity Technology Group, Inc. (Nasdaq: AFFI) today announced that it has closed its previously announced $1 million convertible debenture purchase agreement with an international institutional investor.

Joe Boyle, President and Chief Executive Officer of Affinity, said, "This funding of the convertible debenture agreement is an important milestone for us and we continue to evaluate and pursue alternatives to meet the short- and long-term capital needs of the Company."

About Affinity Technology Group, Inc.

Affinity's technology enables financial institutions to link their branches, call centers, Internet customers, and indirect agents electronically to their credit departments, providing fully automated lending and, if necessary, connectivity to a loan officer - through every channel. For financial institutions, Affinity's solutions expedite loan decisioning and processing and increase productivity and capacity of branch personnel, call center agents, loan officers, and indirect agents, while improving the overall customer experience. Affinity is located on the World Wide Web at www.affi.net.

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Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these statements involve several risks and uncertainties that may cause actual results to differ materially from those projected.