Buy now, pay later company Affirm strikes $4 billion loan deal with private credit firm Sixth Street

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 ...