Affirm Secures $4B Loan Deal with Sixth Street to Boost Lending

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Source: CNBC
Affirm Secures $4B Loan Deal with Sixth Street to Boost Lending
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TL;DR Summary

Affirm Holdings has secured a $4 billion loan deal with private credit firm Sixth Street, marking its largest-ever capital commitment. This partnership will allow Affirm to underwrite short-term installment loans, with the potential to extend over $20 billion in loans over three years. The deal highlights the growing trend of fintech companies partnering with private credit firms for scalable financing solutions. Affirm's funding capacity has grown significantly, and the company continues to expand its buy now, pay later offerings amid increasing demand.

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