Affirm Stock Jumps as BNPL Company Secures $4 Billion Loan Deal
Affirm Holdings stock was trading sharply higher Friday after the “buy now, pay later” company announced a sizable loan deal.Affirm and Sixth Street have entered into a long-term capital partnership in which the investment firm—through its asset-based finance platform—will invest up to $4 billion by purchasing Affirm loans over three years.
Affirm Secures $4 Billion Loan Deal With Sixth Street to Boost BNPL Growth
On Friday, fintech company Affirm Holdings, Inc (NASDAQ:AFRM) stock gained after the company announced a long-term capital partnership with Sixth Street to invest up to $4 billion in Affirm loans. The stock gave up the gains in the trading session.
Buy now, pay later company Affirm strikes $4B loan deal with private credit firm Sixth Street
Two trendy areas in finance — fintech and private credit — are coming together in a new multibillion-dollar joint venture.
Sixth Street pact hands Affirm firepower for $20bn in new consumer loans
The pact, which is expected to give Affirm the ability to make $20bn in new loans in the next three years, is the latest tie-up between a private credit fund and consumer credit provider, as the industry taps new avenues to lend to Americans struggling from years of high inflation.
Sixth Street Inks $4 Billion Deal for Affirm’s Consumer Loans
Sixth Street agreed to buy as much as $4 billion of consumer installment loans from buy-now, pay-later lender Affirm Holdings Inc., marking the financial-technology firm’s largest capital commitment to date.
Affirm and Sixth Street Strike $4 Billion Loan Deal
Buy now, pay later platform Affirm has entered into a $4 billion financing partnership with Sixth Street Partners, in a deal that reflect the growing debankification of Wall Street as private-credit f
Affirm Forges $4B Investment Deal With Sixth Street
KEY TAKEAWAYS Affirm forged a $4 billion financing partnership with Sixth Street, in the latest commitment by a private credit firm into a fintech company.Sixth Street is putting the money into a vehicle that will buy Affirm’s loans over three years in a deal the companies said is the largest capital commitment secured by the buy now,
Why more Americans are turning to Buy Now, Pay Later payment plans, in 4 charts
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