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Affirm gets boost from New York Life with $750 million loan deal
CNBC· 2025-10-31 20:30
Affirm is expanding its partnership with New York Life Insurance, a move that highlights how traditional financial giants are deepening their exposure to fintech-driven consumer lending.Under the new agreement, New York Life will purchase up to $750 million worth of Affirm's installment loans through 2026, giving the payments company fresh off-balance-sheet funding to support roughly $1.75 billion in annual loan volume.The deal extends a relationship that began in 2023, when New York Life first started inve ...