We’re pleased to announce that Affirm and Sixth Street have entered into a long-term capital partnership. The agreement represents our largest capital commitment to date, as Sixth Street will be able to invest up to $4 billion in purchasing Affirm loans. 🤝 Affirm’s CCO Brooke Major-Reid said: “We are honored to establish this new long-term partnership with Sixth Street as we continue to strengthen and diversify our platform to support our ambitious growth plans with capital efficient funding. Sixth Street’s expertise in asset-based finance, long-term capital and collaborative approach make them an ideal partner for Affirm.” Affirm’s COO Michael Linford said: “Our capital markets expertise is an important point of competitive differentiation, and we believe this partnership with Sixth Street’s world-class investment team reinforces that.” For more info: 👇
Today, I’m proud to share that Affirm and Sixth Street have entered into a new long-term capital partnership. The agreement represents the largest ever capital commitment secured by Affirm and will enable Sixth Street to invest up to $4 billion in purchasing Affirm loans over the next 3 years, allowing us to power up to more than $20B in volume. Over the past several years, I have had a front-row seat as Affirm has scaled to become one of the most impactful fintechs in the world - providing millions of consumers with the ability to pay over time with no fees or junk charges. Our capital markets expertise has been a key driver of our success, yet all the horsepower under the hood can easily be overlooked by the naked eye outside Affirm’s walls. Today’s news marks a giant leap forward for our Capital program and demonstrates the confidence that some of the top global investors have in our vision to make payments more honest and transparent. Congratulations to the entire Capital team – led by Brooke Major-Reid and deal leads Dan Chen, Monica Mehra, Tony Giacin, Yue An, and Jason Shi alongside Ryan Chen and Monica Childs in Capital Legal and Siphelele Jiyane, Kailee Balagia, CPA, and Yuqi L. in Accounting – on today’s news! The journey ahead for Affirm is brighter than ever, and with strategic partners like Sixth Street, I have no doubt that we’ll continue to lead the way in redefining payments and commerce as we know it. https://bit.ly/3ZD7QmW
Exciting news! Affirm’s new partnership with Sixth Street is a game-changer, with up to $4 billion in loan purchases. This collaboration strengthens Affirm's ability to grow while ensuring efficient funding. Huge milestone👏 congrats to both teams