Affirm Holdings, Inc. (AFRM) recently announced that it is entering into a long-term capital partnership with global investment firm Sixth Street. Under this partnership, Sixth Street will invest up to $4 billion in purchasing Affirm loans over the next three years through an innovative AssetCo structure. In the same month, PGIM Fixed Income completed a $500 million private purchase of Affirm’s loans.This transaction is the largest capital commitment in Affirm’s history. By leveraging this funding, Affirm g ...

Payment network Affirm and global investment firm Sixth Street have formed a long-term capital partnership in which Sixth Street will invest up to $4 billion by purchasing Affirm loans in a three-year forward flow agreement.This capital commitment will enable Affirm to extend up to $20 billion in loans over the next three years, the companies said in a Friday (Dec. 13) press release.The partnership provides capital efficient funding to support the company’s growth plans, Affirm Chief Capital Officer Brooke ...

Two trendy areas in finance – fintech and private credit — are coming together in a new multi-billion dollar joint venture. Affirm Holdings is getting its largest-ever capital commitment with a new partnership from private-credit firm Sixth Street, which is investing in $4 billion worth of loans over the course of three years. Sixth Street is committing capital upfront for Affirm to underwrite short-term installment loans – between 4- to 6-month timeframes. Once paid back, the capital rolls back into the po ...

Affirm Holdings, Inc.’s (AFRM) shares have gained 42.3% in the year-to-date period compared with the industry’s 22.3% growth. It has also outperformed the broader Zacks Business Services sector’s 21.8% rise and the S&P 500’s 27.3% increase in the said time frame. The company has been benefiting on the back of an expanding buy-now-pay-later (BNPL) market, advanced risk assessment technology and merchant partnership growth. It has a market cap of $22 billion. Closing at $69.93 in the last trading session, the ...

Affirm Holdings, Inc. (AFRM) recently announced that it has expanded its partnership with PGIM Fixed Income, a Prudential Financial, Inc. (PRU) company.  Under this partnership, PGIM Fixed Income completed a $500 million private purchase of Affirm’s loans. Affirm also announced new merchant partnerships with prominent retailers, adding to its merchant network.Earlier, PGIM Fixed Income invested in Affirm’s public asset-backed securitizations. Affirm has issued 21 asset-backed securitizations worth $10 billi ...

Affirm has partnered with eight more merchants to help their shoppers use flexible pay-over-time options.Consumers in the United States can now select Affirm as a payment option at checkout at Agape Diamonds, Discount Tire, Ever/body, FullBeauty, Garmin, Hotels.com, Living Spaces and Sweetwater, the buy now, pay later (BNPL) provider said in a Tuesday (Dec. 3) press release.Affirm’s global network has grown by 20% year over year to include more than 320,000 merchant partners, according to the release.In add ...

Affirm Holdings (AFRM) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.T ...

Affirm Holdings, Inc. (AFRM) recently shared research findings showing that 71% of Canadians plan to maintain or increase their holiday spending this year despite economic challenges. However, shoppers are adopting a more thoughtful approach, focusing on meaningful purchases, seeking the best deals, and using flexible payment options like buy now, pay later (BNPL) to better manage their budgets.The research reveals that 77% of consumers are adopting a "slow shopping" approach, taking extra time to evaluate ...

Affirm Holdings, Inc. (AFRM) recently partnered with JD Sports, a retailer of sports, fashion and outdoor brands. This collaboration aims to provide customers of JD Sports and Finish Line with pay-over-time options while purchasing products from top brands like adidas, New Balance, Nike and North Face.The move comes ahead of Black Friday and Cyber Monday and customers are expected to benefit from Affirm’s buy now, pay later (BNPL) solutions’ flexibility and transparency. This collaboration brings Affirm’s c ...

Buy now, pay later (BNPL) company Affirm Holdings (AFRM 4.04%) was a hot item on the stock exchange over the past few days. According to data compiled by S&P Global Market Intelligence, the company's shares improved by 17% in price week to date as of early Friday morning. A continuing series of analyst price target raises, plus a deal with a large online travel agency (OTA) were the key factors behind the rise.The power of the punditsWith recent news of an estimates-beating quarter at its back, Affirm has b ...