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Affirm acquiring San Francisco-based personal finance management app company

Consumer finance company Affirm Inc. is acquiring SweepInc., a San Francisco-based personal finance management app company.

Terms of the deal were not disclosed.

Sweep co-founders Jackson Gates and Asi Behar as well as themajority of the company's engineering team will join Affirm following theacquisition.

The current Sweep app will no longer be accessible toconsumers starting May 26. A new product under the Affirm brand will combinethe technologies of both companies and is scheduled to launch later in 2016,according to an April 27 news release.