Peloton Bike Loans Are Getting Bundled Up and Sold to Wall Street
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
In the latest edition of "there's nothing Wall Street can't make money off of": A fintech lender has figured out how to spin everyone's pledge to get into rock-solid shape at home during the pandemic into a rock-solid investment.
San Francisco-based Affirm has sold hundreds of millions of dollars in securities made up of debt backed by loans to people who bought Peloton fitness bikes, a new report reveals.
Source Fool.com
