Affirm Secures $4 Billion Loan Deal with Sixth Street to Expand BNPL Lending

The three-year partnership enables Affirm to extend over $20 billion in loans, strengthening its position in the growing fintech and private credit sectors.

Affirm Holdings has partnered with private credit firm Sixth Street in its largest-ever capital commitment, securing up to $4 billion through a forward flow agreement.
The deal allows Affirm to underwrite short-term installment loans, with Sixth Street purchasing loans through an AssetCo structure over three years.
This partnership is expected to enable Affirm to extend more than $20 billion in loans by 2027, leveraging growing demand for Buy Now, Pay Later (BNPL) services.
Affirm continues to expand its partnerships with major platforms like Amazon, Apple, and Shopify, while maintaining robust credit metrics and funding sources.
The company reported strong financial performance in its first quarter, with revenue of $698.47 million, surpassing analyst expectations, and aims for profitability by fiscal year 2025.