Affirm Boosts Growth With $500M PGIM Deal & New Merchant Partnerships
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Affirm has secured a $500 million deal with PGIM Fixed Income, enhancing its working capital. This move, along with new merchant partnerships, is expected to boost Affirm's growth.
December 04, 2024 | 8:00 pm
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Affirm has entered into a $500 million deal with PGIM Fixed Income, which will purchase its loans, thereby boosting Affirm's working capital. This, along with new merchant partnerships, is expected to drive growth.
The $500 million deal with PGIM Fixed Income provides Affirm with significant working capital, which is crucial for its operations and growth. Additionally, new merchant partnerships can expand its market reach and customer base, positively impacting its stock price.
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