Affirm Stock Gains on Another Loan Deal. How It Help the Business.
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Liberty Mutual Investments—the investment firm of Liberty Mutual Group of Insurance Cos.—is building on an existing partnership with Affirm. Over the program term, through June 2027, the investment firm will purchase Affirm’s installment loans in amounts up to $750 million. Affirm and LMI began a long-term capital partnership in 2019, followed by the loan-purchase program in 2023.
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