Odd Lots: Affirm’s Max Levchin On How BNPL Really Works (Podcast)
Max Levchin probably knows as much about online payments as anyone. He was part of the original “PayPal mafia,” before going on to become co-founder and CEO of Affirm, the...
By Tracy Alloway, Joe Weisenthal · Bloomberg Markets
Max Levchin probably knows as much about online payments as anyone. He was part of the original “PayPal mafia,” before going on to become co-founder and CEO of Affirm, the $22 billion player in the Buy Now, Pay Later industry that’s hoping to disrupt the incumbent credit card companies. While BNPL is booming, there is still a lot of confusion about how it works, how it makes money, and how transparent its activities are. On this episode, we speak with Max about why he started his company and why