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GC Asia
Affirm breaks into ABS market with first point of sale deal
Affirm became the first fintech point of sale lender to tap the ABS market on Wednesday, in what sources said was a crucial first step towards defining an optimal, scaleable funding structure for the emergent sector.
Point of sale lending allows consumers to take out small loans when purchasing a product. Borrowers then pay off the debt in fixed monthly payments along with service or prepayment fees that sometimes come with the loans.
Market participants have long discussed point of sale as ...Already a subscriber? Login
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Latest news from Securitization
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Dongfeng Peugeot drives into ABS market on sales rebound
16 Apr 2021 -
Project Zeus: Greece brings first non-performing energy debt securitization
15 Apr 2021 -
Lower default rate boosts CLO credit quality
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Biden infrastructure plan boosts equipment ABS outlook
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EU eyes separate gas law, leaves harmful bioenergy in Taxonomy
15 Apr 2021
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