Affirm's Lending Capacity Gets Boost From Sixth Street Investment

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 ...