Affirm breaks into ABS market with first point of sale deal

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By Jennifer Kang
08 Jul 2020

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 ...

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