Affirm stock rises on expanded New York Life capital partnership By Investing.com
Update: 2025-10-31
Description
Affirm and New York Life are expanding their partnership, with New York Life investing up to $750 million in Affirm's installment loans. This collaboration will provide Affirm with additional funding, enabling it to support up to $1.75 billion in consumer loans annually, offering more shoppers flexible payment plans. Both companies benefit from this arrangement, with Affirm gaining capital for growth and New York Life earning attractive returns with superior credit outcomes. This partnership extension may lead to more opportunities for shoppers to use Affirm's payment options and potentially make Affirm a bigger player in the buy-now-pay-later market.
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