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Affirm's Lending Capacity Gets Boost From Sixth Street Investment
AFRMAffirm(AFRM) PYMNTS.com·2024-12-14 02:58

Payment network Affirm and global investment firm Sixth Street have formed a long-term capital partnership in which Sixth Street will invest up to 4billionbypurchasingAffirmloansinathreeyearforwardflowagreement.ThiscapitalcommitmentwillenableAffirmtoextendupto4 billion by purchasing Affirm loans in a three-year forward flow agreement.This capital commitment will enable Affirm to extend up to 20 billion in loans over the next three years, the companies said in a Friday (Dec. 13) press release.The partnership provides capital efficient funding to support the company’s growth plans, Affirm Chief Capital Officer Brooke ...