Affirm Boosts Growth With $500M PGIM Deal & New Merchant Partnerships [Yahoo! Finance]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Yahoo! Finance
Under this partnership, PGIM Fixed Income completed a $500 million private purchase of Affirm's loans. Affirm also announced new merchant partnerships with prominent retailers, adding to its merchant network. Earlier, PGIM Fixed Income invested in Affirm's public asset-backed securitizations. Affirm has issued 21 asset-backed securitizations worth $10 billion to more than 130 capital partners. This purchase by PGIM Fixed Income highlights the good quality of AFRM's loans. As the buy now pay later (BNPL) experiences transformational shifts, AFRM's asset will be an attractive investment opportunity for alternative investors. AFRM will benefit from improved working capital, which will aid it in investing its resources effectively and timely to grow its business. This move also strengthens Affirm's funding base, which now boasts a 50% increase in total funding capacity over the past two years to $16.8 billion as of Sept. 30, 2024. Affirm also announced partnerships with retailers li
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AFRM
News
- Can Affirm & Adyen Unlock New Growth With Enhanced BNPL Offerings? [Yahoo! Finance]Yahoo! Finance
- WooCommerce Designates Affirm as a Leading Pay-Over-Time ProviderBusiness Wire
- Affirm Holdings, Inc. (NASDAQ: AFRM) was upgraded by analysts at JMP Securities from a "market perform" rating to an "outperform" rating. They now have a $78.00 price target on the stock.MarketBeat
- Affirm Holdings, Inc. (NASDAQ: AFRM) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $82.00 price target on the stock, up previously from $70.00.MarketBeat
- Affirm and Adyen Expand Partnership to Bring Flexible Payment Options to More Merchants and Platforms [Yahoo! Finance]Yahoo! Finance
AFRM
Earnings
- 11/7/24 - Beat
AFRM
Sec Filings
- 12/20/24 - Form 8-K
- 12/18/24 - Form 4
- 12/18/24 - Form 8-K
- AFRM's page on the SEC website