Affirm Secures $4 Billion Loan Deal With Sixth Street to Boost BNPL Growth

Benzinga12-14

On Friday, fintech company Affirm Holdings, Inc (NASDAQ:AFRM) stock gained after the company announced a long-term capital partnership with Sixth Street to invest up to $4 billion in Affirm loans. The...

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The...</p>\n\n<a href=\"https://finance.yahoo.com/news/affirm-secures-4-billion-loan-160104036.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443549.SGD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/affirm-secures-4-billion-loan-160104036.html","article_id":"2491030869","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hXiTFz6cEZ18BGX1YYmrKw--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/23096a6b7b850da482fb8e253902f4ae"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491030869","pubTimestamp":1734105664,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"On Friday, fintech company Affirm Holdings, Inc  stock gained after the company announced a long-term capital partnership with Sixth Street to invest up to $4 billion in Affirm loans. The stock gave up the gains in the trading session.Through its Asset Based Finance platform, Sixth Street will invest up to $4 billion by purchasing Affirm loans in a unique AssetCo structure pursuant to a three-year forward flow agreement.It provides additional off-balance sheet funding, allowing Affirm to extend up to more than $20 billion in loans over the next three years as the company continues to scale its payment network.In October, SoFi Technologies, Inc  announced a $2 billion loan deal with funds managed by Fortress Investment Group to develop SoFi’s capabilities in its loan platform business.JPMorgan’sReginald L. Smithflagged a $65 billion leap in the fintech sector’s market cap since mid-September, backed by third-quarter results, rate cuts, and post-election tailwinds. Smithcalled Kaspi , Af","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","MACW.SI":"APPLE 3xLongSG261006","SQQQ":"纳指三倍做空ETF","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","FDN":"First Trust Dow Jones Internet I","LU0234572021.USD":"高盛美国核心股票组合Acc","SOFI":"SoFi Technologies Inc.","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4579":"人工智能","LU1582987597.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) INC","NVIW.SI":"NVDA 3xLongSG261006","TSYW.SI":"TESLA 3xLongSG261006","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","AFRM":"Affirm Holdings, Inc.","USAW.SI":"AMZN 3xLongSG261006","QID":"纳指两倍做空ETF","AMZN":"亚马逊","TQQQ":"纳指三倍做多ETF","BK4512":"苹果概念","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","AAPL":"苹果",".IXIC":"NASDAQ Composite","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","USJW.SI":"ALPHAB 3xLongSG261006","QLD":"纳指两倍做多ETF","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","PSQ":"纳指反向ETF","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","SHOP":"Shopify Inc","KSPI":"Kaspi.KZ","LU0072462426.USD":"贝莱德全球配置 A2","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD"},"translate_title":"Affirm与Sixth Street达成40亿美元贷款协议，以促进BNPL增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"AMZN":1,"SOFI":1,"KSPI":1,"SHOP":1,"AFRM":0.9,".IXIC":0.9,"FDN":0.72,"MACW.SI":0.6,"USJW.SI":0.6,"NVIW.SI":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"TSYW.SI":0.6,"USAW.SI":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"On Friday, fintech company Affirm Holdings, Inc (NASDAQ:AFRM) stock gained after the company announced a long-term capital partnership with Sixth Street to invest up to $4 billion in Affirm loans. The stock gave up the gains in the trading session.\nThrough its Asset Based Finance platform, Sixth Street will invest up to $4 billion by purchasing Affirm loans in a unique AssetCo structure pursuant to a three-year forward flow agreement.\nThe transaction represents the most significant capital commitment Affirm has secured to date.\nAlso Read: Apple’s AirPods Production Shifts To India: Foxconn Will Begin Manufacturing In 2025\nIt provides additional off-balance sheet funding, allowing Affirm to extend up to more than $20 billion in loans over the next three years as the company continues to scale its payment network.\nIn October, SoFi Technologies, Inc (NASDAQ:SOFI) announced a $2 billion loan deal with funds managed by Fortress Investment Group to develop SoFi’s capabilities in its loan platform business.\nAffirm reported its first-quarter revenue of $698.47 million versus $496.54 million a year ago, which topped the analyst estimate of $664.01 million. EPS loss of 31 cents beat the consensus loss estimate of 35 cents. Affirm expects second-quarter revenue of $770 million and $810 million.\nJPMorgan’s Reginald L. Smith flagged a $65 billion leap in the fintech sector’s market cap since mid-September, backed by third-quarter results, rate cuts, and post-election tailwinds. Smith called Kaspi (NASDAQ:KSPI), Affirm, and Shopify Inc (NYSE:SHOP) the top fintech winners.\nAffirm continues to leverage the growing popularity of Buy Now, Pay Later (BNPL) services by strengthening its partnerships with Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), and Shopify Inc (NYSE:SHOP).\nSmith emphasizes Affirm’s robust credit metrics and dependable funding sources as distinguishing factors. The company aims for profitability by fiscal year 2025.\nAffirm Holdings stock surged 50% year-to-date. Investors can gain exposure to the stock through Amplify Digital Payments ETF (NYSE:IPAY) and Amplify ETF Trust Amplify Online Retail ETF (NYSE:IBUY).\nPrice Action: AFRM stock is down 1.31% at $67.87 at last check on Friday.\nAlso Read:\n\nTaiwan Semi Founder Calls For New Strategy After Intel Chief’s Departure\n\nPhoto via Company\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nThis article Affirm Secures $4 Billion Loan Deal With Sixth Street to Boost BNPL Growth originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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