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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.
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
Crowdfund Insider
6h
BNPL Adoption: equipifi, Synergent to Expand Credit Union Access to Buy Now Pay Later Platform
Buy Now, Pay Later (BNPL) platform for financial institutions, announced its partnership with Synergent, a managed services ...
1d
on MSN
Why more Americans are turning to Buy Now, Pay Later payment plans, in 4 charts
Pay Later services had their best day yet on Cyber Monday, with consumers spending a record-breaking $991.2 million.
12d
on MSN
BNPL Fuels Black Friday Weekend Buying, and Risks of Spiking Debt
Pay Later companies processed over $9 billion worth of purchases on Cyber Monday alone, as consumers increasingly used ...
Zacks.com on MSN
4h
Affirm Secures $4 Billion Partnership With Sixth Street to Drive Growth
Affirm Holdings, Inc. AFRM recently announced that it is entering into a long-term capital partnership with global investment ...
InvestmentNews
21h
After splurging on the holidays, two-fifths of households expect debt hangover to last till mid-2025
“The combination of convenience tools like
BNPL
and the allure of AI-recommended gifts can make it dangerously easy to ...
9h
Avoiding Delayed B2B Payments: Five Ways To Keep Business Flowing
Delayed payments are a costly source of supply chain inefficiency, but things like automation technology are helping to break ...
9h
Super Micro Seeks To Raise Capital Via Equity And Debt
Super Micro Computer Inc, an AI server company, tapped Evercore to raise capital amidst potential delisting. Street jittery ...
IBS
11h
eBay, Klarna expand BNPL partnership to new European markets
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news ...
Digital Transactions
4d
Slope Taps Marqeta for a B2B BNPL Card; Equipifi Partners With Synergent on BNPL
The partnership fills a need for credit unions to offer BNPL payment options, equipifi says. Founded by credit unions in 1971 ...
11d
on MSN
Holiday shopping has more Americans getting comfortable with buy now, pay later
The CEO of the buy-now, pay-later firm Splitit told BI that his company's order volumes were up 62% in the week that ended ...
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