Affirm Joins Companies Seeking US Bank Charters Under Trump

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.