Affirm expands long-term capital partnership with New York Life to increase access to flexible and transparent payment options
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Affirm expands long-term capital partnership with New York Life to increase access to flexible and transparent payment options. SAN FRANCISCO-(BUSINESS WIRE)-Oct. 31, 2025- 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 largest[1] 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 that can support approximately $1.75 billion in consumer loan volume per year, helping Affirm offer even more flexible and transparent payment options. The expanded partnership leverages the complementary strengths of Affirm and New York Life. As an industry-leading underwriter, Affirm provides a responsible and transparent way to pay over time without any late fees or hidden charges. As one of the world's leading investment platforms, New York Life brings significant scale and private credit structuring expertise. Prior to this latest expansion, New York Life has invested nearly $2 billion in Affirm collateral, including through the company's asset-backed securitizations. "We are proud to expand our relationship with such a trusted and...
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