Affirm Holdings, Inc. (AFRM) Deepens Ties with New York Life in $750M Loan Deal

Affirm Holdings, Inc. (NASDAQ:AFRM) is one of billionaire Daniel Sundheim’s stock picks with huge upside potential. On October 31, Affirm Holdings, Inc. (NASDAQ:AFRM) expanded its partnership with New York Life Insurance, which agreed to buy up to $750 million in installment loans through 2026.

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This builds on their 2023 relationship and brings Affirm fresh funding to support $1.75 billion in annual loan volume. New York Life has already invested nearly $2 billion in Affirm’s loan structures, reflecting a broader trend of insurers tapping into consumer finance as rising interest rates boost returns. Affirm has also secured backing from Liberty Mutual, PGIM, and Sixth Street Partners in recent years.

Earlier on October 21, Affirm Holdings, Inc. announced an expanded partnership with Wayfair. The strategic partnership is poised to bring Affirm payment solutions directly into Wayfair’s checkout process, both online and in-store.  The integration of the Affirm payment solution into Wayfair checkout underscores growing demand amid strong customer interest over the eight-year relationship. On October 16, Affirm broadened its buy now, pay later reach by partnering with Fanatics and FreshBooks. A week earlier, on October 9, the company voiced support for Google’s Agent Payments Protocol (AP2), a system built to facilitate secure transactions via AI-driven and automated platforms.

Affirm Holdings, Inc. (NASDAQ:AFRM) is a financial technology company that provides a “buy now, pay later” service, allowing customers to purchase items and pay over time through a series of installments, as the Company explains. For consumers, Affirm offers transparent loans with no hidden fees or late penalties. At the same time, for merchants, it provides a way to increase sales by offering flexible payment options to their customers.

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Disclosure: None. This article is originally published at Insider Monkey.