Affirm expands long-term capital partnership with new york life to increase access to flexible and transparent payment options

San francisco--(business wire)--affirm (nasdaq: afrm), the payment network that empowers consumers and helps merchants drive growth, today announced an expansion of their long-term capital partnership with new york life, america's largest1 mutual life insurance company. under the expanded agreement, new york life will purchase affirm's installment loans on a forward-flow basis between now and december 2026 with an amount outstanding of up to $750 million. this provides off-balance-sheet funding.
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