#419: Max Levchin of Affirm
Fintech One•On•One
00:00
The Different Types of Lending Products That We Offer
The products that we offer today are all kind of variants of this idea of an instalment loan. The BNPL term really came to describe these four instalments interest-free loans to consumers. They don't really work very well above $300 to $400 because at that point, it's probably too much money to pay $100 every two weeks. And so what we do is we offer both very short term, six weeks, zero interest products. We also go as far as 6, 12, 18, 24 months, et cetera,. longer term products that are designed to help you finance things that are a little bit more expensive than just a couple of $100
Transcript
Play full episode
