Buy now, pay later firm Affirm gets $4B loan from Sixth Street to boost short-term lending.
Buy now, pay later firm Affirm has partnered with private credit firm Sixth Street for a $4 billion loan deal, allowing Affirm to offer more short-term loans. Sixth Street will invest up to $4 billion over three years, with potential to expand to over $20 billion. The deal, starting in 2025, aims to meet growing consumer demand for flexible financing options. Affirm offers credit with APRs ranging from 0% to 36%, with a September delinquency rate of 2.8%.
4 months ago
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