The Free Toaster News Pod #4 - Affirm's FDIC application and Credit Card Growth
Affirm is officially making a play to become its own bank by submitting applications to establish Affirm Bank through a Nevada-chartered Industrial Loan Company (ILC). This strategic shift aims to strengthen and diversify their platform, allowing them to scale operations and offer FDIC-insured products directly to consumers.
The Free Toaster hosts Carlos Caro and Nick Madrid comment on this and the growth in their credit card program.
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