{"id":24044,"date":"2025-10-31T13:39:12","date_gmt":"2025-10-31T13:39:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/24044\/"},"modified":"2025-10-31T13:39:12","modified_gmt":"2025-10-31T13:39:12","slug":"affirm-gets-boost-from-new-york-life-with-750-million-loan-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/24044\/","title":{"rendered":"Affirm gets boost from New York Life with $750 million loan deal"},"content":{"rendered":"

Thomas Fuller | Sopa Images | Lightrocket | Getty Images<\/p>\n

Affirm<\/a> is expanding its partnership with New York Life Insurance<\/a>, a move that highlights how traditional financial giants are deepening their exposure to fintech<\/a>-driven consumer lending.<\/p>\n

Under the new agreement, New York Life will purchase up to $750 million worth of Affirm’s installment loans through 2026, giving the payments company fresh off-balance-sheet funding to support roughly $1.75 billion in annual loan volume.<\/p>\n

The deal extends a relationship that began in 2023, when New York Life first started investing in Affirm’s asset-backed securities and other loan structures.<\/p>\n

To date, the insurer has funneled nearly $2 billion into Affirm’s collateral pools.<\/p>\n

The partnership is part of a broader trend of insurers and private-credit investors moving deeper into consumer finance as higher interest rates make these assets more attractive.<\/p>\n

In recent years, Affirm has secured similar funding lines with Liberty Mutual Investments, PGIM, and Sixth Street Partners, mirroring activity across the buy-now-pay-later<\/a> sector.<\/p>\n

Klarna<\/a> has tapped Nelnet and Pagaya for comparable deals, while PayPal<\/a> struck a $7 billion agreement with Blue Owl Capital, which formed a joint venture with Meta<\/a> in a $27 billion project to fund and develop the massive Hyperion data center in Louisiana.<\/p>\n

Affirm, which has financed more than $100 billion in transactions, says more than 90% of its borrowers are repeat customers \u2014 a key factor behind its strong credit performance.<\/p>\n

The tie-up with New York Life comes as consumer lenders navigate mixed economic signals: Spending remains solid and delinquencies are easing, but investor caution has lingered after recent bankruptcies in subprime auto and consumer credit.<\/p>\n

\"Affirm<\/p>\n","protected":false},"excerpt":{"rendered":"Thomas Fuller | Sopa Images | Lightrocket | Getty Images Affirm is expanding its partnership with New York…\n","protected":false},"author":2,"featured_media":24045,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[15534,3352,15535,15536,15538,9,11,10,15537,282],"class_list":["post-24044","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-affirm-holdings-inc","tag-business-news","tag-fintech","tag-klarna-group-plc","tag-meta-platforms-inc","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-paypal-holdings-inc","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/24044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=24044"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/24044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/24045"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=24044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=24044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=24044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}