Affirm gets boost from New York Life with $750 million loan deal

▤ Summary

Affirm is deepening its funding partnership with New York Life Insurance through a new agreement worth up to $750 million. The deal gives Affirm off-balance-sheet capital to support about $1.75 billion in annual loan volume through 2026. New York Life has already invested nearly $2 billion into Affirm’s collateral pools since the relationship began in 2023. The move reflects a broader trend of insurers and private-credit investors backing consumer finance and buy-now-pay-later lenders.

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