Morgan Stanley makes $100 million investment in online lender Affirm.

The investment by Morgan Stanley will expand Affirm’s lending capacity, which according to the Wall Street Journal, is expected to be in excess of $300 million in 2016.

Affirm offers consumers the option of choosing a short-term loan to pay for their  purchase, instead of using a traditional debit or credit card at check-out.  TCI provides the servicing for Affirm’s portfolio.