FirstCash Acquires American First Finance

FirstCash Holdings, Inc. has completed its acquisition of American First Finance (AFF), adding AFF as a wholly owned subsidiary and establishing FirstCash's entry into the lease-to-own and point-of-sale payment space. AFF brings a nationwide network of over 6,500 merchant partner locations and technology for "no credit required" retail financing; Doug Rippel, AFF's founder and former chairman, joined the FirstCash Board following the close.