10:12 AM EDT, 10/31/2025 (MT Newswires) -- Affirm (AFRM) said Friday that New York Life will purchase its installment loans on a forward-flow basis until December 2026 with an outstanding amount of up to $750 million under their expanded capital partnership agreement.

This will provide off-balance-sheet funding to support about $1.75 billion in consumer loan volume per year, Affirm said.

Prior to this, New York Life had invested nearly $2 billion in Affirm collateral, including through the company's asset-backed securitizations, Affirm said.

Affirm shares were up 1% in recent Friday trading.

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