How Do We Solve This Problem?

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The most common way to borrow money in america is a credit card. But millennial generations are starting to actively ask the question, is this the way? The short answer is, there's no short answer. So we stripped out all the payday lending, like yuck, from payments. And then i know that after six payments, or 12 payments, or 18 payments, whatever the good number is for me, i am done. You can revolve more or less in perpetuity.

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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