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Affirm Secures $750M Boost, Aims for $34B Lending

1/24/2025

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Summary

Story summary

Affirm Holdings received a $750 million funding commitment from Liberty Mutual Investments to enhance consumer lending until June 2027.
This partnership, established in 2019, has the potential for LMI to invest up to $5 billion in total.
Following the announcement, Affirm's stock increased by nearly 5%, indicating positive investor sentiment.
The company aims for over $34 billion in lending by 2025, marking a 25% growth from last year.
Affirm's funding capacity now stands at $16.8 billion, benefiting over 19 million consumers with clear payment options.

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Story summary

Affirm Holdings received a $750 million funding commitment from Liberty Mutual Investments to enhance consumer lending until June 2027.
This partnership, established in 2019, has the potential for LMI to invest up to $5 billion in total.
Following the announcement, Affirm's stock increased by nearly 5%, indicating positive investor sentiment.
The company aims for over $34 billion in lending by 2025, marking a 25% growth from last year.
Affirm's funding capacity now stands at $16.8 billion, benefiting over 19 million consumers with clear payment options.