AFRM News & Events

Affirm and Canada Pension Plan Investment Board announced a renewed and expanded forward-flow agreement. Under the 24-month agreement, CPP Investments will commit $1.7B to purchasing Affirm installment loans, with the ability to increase the commitment to $2.2B. The agreement is expected to support up to approximately $8B in consumer loan volume over its two-year term and builds on a longstanding relationship. Since 2019, CPP Investments has purchased nearly $14B in Affirm assets through forward-flow agreements and asset-backed securitizations.

UK and Canadian holidaymakers booking with Royal Caribbean (RCL) can now spread the cost of their cruise over time without compounding interest or late fees, following a new partnership with payment network Affirm (AFRM). This announcement builds on Affirm and Royal Caribbean's existing partnership in the United States, which has also been renewed.