Affirm Holdings, Inc. (AFRM) Deepens Ties with New York Life in $750M Loan Deal
Summary
Affirm expanded its partnership with New York Life Insurance, which agreed to buy up to $750 million in installment loans through 2026. The deal strengthens Affirm’s funding capacity and supports its target of $1.75 billion in annual loan volume. The company also continued to broaden its merchant network through recent integrations with Wayfair, Fanatics, and FreshBooks. These moves show Affirm pushing its buy-now-pay-later platform deeper into checkout and payment workflows.
Funding
Amount
$750.0M
Total raised
Date
October 31, 2025
Announcement date
Investors
PGIM Real Estate, Liberty Mutual, New York Life Insurance Co, Sixth Street Partners
Lead investors
Company
https://www.affirm.com
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
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