Buy now, pay later company Affirm strikes $4 billion loan deal with private credit firm Sixth Street
Publishing timestamp: 2024-12-13 09:36:01
Summary
Sixth Street is committing $4 billion to Affirm for short-term installment loans, with loan sale starting in 2025. This partnership combines fintech and private credit, with other companies like PayPal and KKR making similar deals. Affirm's funding capacity has grown significantly, and the company provides credit at APRs between 0% and 36%.
Sentiment: NEUTRAL
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