Jan 24 (Reuters) - Buy now, pay later lender Affirm Holdings AFRM.O has expanded its capital partnership with investment firm Liberty Mutual Investments (LMI), the companies said on Friday.
The expanded partnership will see LMI upsizing its loan purchasing program with Affirm, including buying loans up to $750 million, the companies added.
Over time, LMI is expected to invest up to $5 billion in the program, deepening its partnership with Affirm. The agreement will provide Affirm with committed capital to fuel its growth.
"We will continue to invest in our long-term capital partnerships as we advance our ambitious growth plans," Affirm's Chief Capital Officer Brooke Major-Reid said.
In 2019, Affirm and LMI started their long-term capital partnership, with the loan purchase program commencing in 2023.
In another development last December, Prudential Financial's PRU.N PGIM Fixed Income completed a private purchase of $500 million worth of loans from Affirm.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Mohammed Safi Shamsi)
((Prakhar.srivastava2@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。