Affirm has extended its partnership with financial technology platform Adyen to bring flexible payment options to more merchants in Canada.

The Buy Now, Pay Later (BNPL) firm said that is services will now be available to customers of Adyen for Platforms, which includes peer-to-peer marketplaces, on-demand services and crowdfunding platforms.

Additionally, Adyen merchants in Canada will be able to access a wider range of Affirm’s payment options including monthly instalments.

The partnership will allow customers to choose from a range of flexible payment plans up to 36 months without late or hidden fees.

Since the two companies formed the initial partnership in 2020, Affirm said that the volume of payments has grown more than seven-fold.

"Adyen has built a powerful platform to help businesses drive growth all around the world," said Wayne Pommen, chief revenue officer of Affirm. "Deepening our partnership with Adyen — and continuing to build out an unparalleled network of payment partners – will further expand Affirm’s reach so that more consumers, merchants and platforms can benefit from our honest financial products.”

Earlier this week, Global investment firm Sixth Street announced it is investing around $4 billion in Affirm. The long-term capital partnership, which represents Affirm's largest capital commitment to date, will see Sixth Street acquire Affirm's loans in a single asset structure as part of a three-year plan.

In November, Affirm announced it would launch in the UK. Authorised and regulated by the Financial Conduct Authority (FCA), Affirm says it offers a “responsible” extension of credit as it does not have any late fees or hidden charges.

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