Affirm breaks into ABS market with first point of sale deal

Affirm breaks into ABS market with first point of sale deal

Jennifer Kang

July 08, 2020 08:45 PM

Shopping mall 575x375 — Excited shoppers crowd the new Nordstrom Department Store on West 57th Street in Midtown Manhattan in New York on its grand opening day, Thursday, October 24, 2019. The seven-level 320,000 square feet store is heralded as a shot across the bow to those who are proclaiming the death of the department store. The Nordstrom store is the largest free-standing store to open in New York in years and besides thousands of products it has six restaurants. The store is across the street in âNordstrom-villeâ from Nordstromâs Mensâ Store which opened last year. (ÂPhoto by Richard B. Levine) | Richard B. Levine/SIPA USA/PA Images

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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

ABS Securitization United States Americas North America

JK

Jennifer Kang