Peloton Bike Loans Are Getting Bundled Up and Sold to Wall Street

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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.

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Source Fool.com