https://arstechnica.com/gadgets/2022/06/apple-digs-into-its-massive-pile-of-cash-to-fund-new-pay-later-service/

Apple is making its biggest move into finance by offering loans directly to consumers for its new buy now, pay later product, taking on a role played in its other lending services by banking partners such as Goldman Sachs.

Short-term loans made through the iPhone maker’s new Apple Pay Later service, announced on Monday, will be made through a wholly owned subsidiary, Apple Financing LLC, the company said.