Workflow
Affirm Boosts Growth With $500M PGIM Deal & New Merchant Partnerships
AFRMAffirm(AFRM) ZACKS·2024-12-05 03:50

Affirm Holdings, Inc. (AFRM) recently announced that it has expanded its partnership with PGIM Fixed Income, a Prudential Financial, Inc. (PRU) company.  Under this partnership, PGIM Fixed Income completed a $500 million private purchase of Affirm’s loans. Affirm also announced new merchant partnerships with prominent retailers, adding to its merchant network.Earlier, PGIM Fixed Income invested in Affirm’s public asset-backed securitizations. Affirm has issued 21 asset-backed securitizations worth $10 billi ...