Affirm Joins Companies Seeking US Bank Charters Under Trump

Jan. 23, 2026, 1:30 PM UTC

Affirm Holdings Inc. said it applied for a limited bank charter to help roll out additional financial-technology products for the buy-now, pay-later company’s US customers.

The San Francisco-based firm submitted applications to the Nevada Financial Institutions Division and the Federal Deposit Insurance Corp. to establish a Nevada-chartered industrial loan company, which would operate as a bank subsidiary, it said in a statement Friday.

Max Levchin
Photographer: Kevin Dietsch/Getty Images

“A banking subsidiary would strengthen and diversify Affirm’s platform, and help us bring honest financial products to more people,” Chief Executive Officer Max Levchin said in the statement. “This is about expanding what we can do ...

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