Affirm Holdings, the FinTech payment network known for its transparent consumer financing solutions, has secured a major capital partnership with Sixth Street.
Sixth Street, a global investment firm, will invest up to $4bn in Affirm loans through an innovative AssetCo structure under a three-year forward flow agreement.
This deal marks Affirm’s largest capital commitment to date. It highlights flexibility and alignment between the partners while offering off-balance-sheet funding. With this support, Affirm is positioned to extend over $20bn in loans over the next three years, scaling its payment network to new heights. The company continues to prioritise transparency and flexibility, making it a standout underwriter in the sector.
Brooke Major-Reid, chief capital officer at Affirm, expressed excitement about the collaboration, stating, ”
“We are honored to establish this new long-term partnership with Sixth Street as we continue to strengthen and diversify our platform to support our ambitious growth plans with capital efficient funding.
“Sixth Street’s expertise in asset-based finance, long-term capital and collaborative approach make them an ideal partner for Affirm. Over the last several years, we have been extremely thoughtful in working with a diverse mix of world-class investors as we empower more consumers and merchants with our honest financial products.”
Michael Dryden, partner and head of asset-based finance at Sixth Street, praised Affirm’s financing solutions, adding, “Affirm’s ability to provide flexible, scalable financing solutions is unparalleled, and we see tremendous opportunity in this partnership.
“We look forward to being a key funding partner for Affirm and continuing to build on this relationship to support the company’s growth in the years to come.”
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