How Do You Assess Risk?

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B n p l is a company that makes short term loans to consumers. There's no compounded interest and no late fees, but there are limits on how much you can take out at one time. Rike: We don't look at tritional credit scores since yokno, we founded the company with a belief that we can do much better. But we do look at the data that goes into that score.

After PayPal sold to eBay in 2002, Max Levchin could have relaxed on a beach for the rest of his life. But that’s not the kind of person he is. He isn’t happy unless he’s coming up with new ideas and building companies – so much so that he actually fell into a dark place after leaving PayPal. He didn’t fully find himself until years later, when he rediscovered his passion for the “hard, valuable, fun” problems of fintech. Now, Max runs another billion-dollar company: Affirm, a “buy now, pay later” service that’s transforming how we purchase things on credit. This is the second part of a two-part conversation with Max; to hear the story of PayPal, be sure to listen to part 1!

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