Press release
Affirm and Moore Capital Management extend long-term capital partnership
SAN FRANCISCO--(BUSINESS WIRE)-- Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and the Moore Specialty
About this update from Affirm Holdings, Inc.
[{"type":"text","content":" SAN FRANCISCO--(BUSINESS WIRE)--\nAffirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and the Moore Specialty Credit (\"MSC\") Platform, the Private Asset Backed Finance (“ABF”) platform of Moore Capital Management, LP (“Moore”), a global private investment management firm, today announced an extension of their long-term capital partnership through May 2027.\n\n\nThe expansion builds upon Affirm and MSC’s longstanding collaboration, which will surpass a decade through their latest forward flow agreement. As Affirm’s first loan buyer, Moore has supported Affirm’s efforts to increase access to flexible and transparent payment options since 2017 through multiple funding channels and partnerships.\n\n\n\"Our deep relationship with Affirm has allowed us to see firsthand their differentiated approach to driving positive credit outcomes,” said Erik Siegel, CIO of the Moore Specialty Credit Platform. “We look forward to continuing to support Affirm as it continues to generate quality assets that deliver attractive risk-adjusted returns.”\n\n\nMoore has invested nearly $5 billion in Affirm’s assets since beginning its capital partnership in 2017. This includes multiple forward flow partnerships with Affirm and supporting the Company’s asset-backed securitizations through Moore’s Private ABF platform, Moore Specialty Credit.\n\n\n“We appreciate Moore’s long-term support as one of Affirm’s earliest capital partners, especially their analytical expertise and thoughtful approach to structuring,” said Brooke Major-Reid, Chief Capital Officer at Affirm. “The expansion of our collaboration further validates our strategy of investing in foundational relationships as we extend responsible access to credit without any late fees or hidden charges.”\n\n\nAffirm empowers consumers with a transparent and flexible way to pay over time without any late or hidden fees. The company generated over $33 billion in gross merchandise volume (GMV) for the last twelve months ending March 31, 2025. With a diverse and durable funding model across multiple channels, Affirm’s total funding capacity grew to $23.3 billion as of March 31, 2025, marking the ninth consecutive quarter that funding capacity increased. As a scaled and programmatic issuer, Affirm has issued 24 asset-backed securitizations totaling $12.25 bill...