Max Levchin News

25.08 / 11:25

Platform Cathay surges Customer Affirm surges amid growth in customer transaction volumes

Investing.com -- Shares in Affirm (NASDAQ:AFRM) soared in premarket trading on Friday after the buy-now-pay-later business posted a jump in transactions on its platforms that beat analysts' estimates.

16.02 / 20:03

UPS show reports rights Interviews Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm

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19.07 / 16:31

Provident Lowe's CEO Pool Morningstar financing Fintech lenders tighten lending standards, bolstering debt financing

During the Covid-19 pandemic, many fintechs began lending to borrowers with imperfect credit, but Wall Street investors were comfortable buying their asset-backed securities (ABS) as government stimulus ensured consumers had the money to meet repayments. ABS are a type of bond backed by a pool of assets, such as auto or credit card loans, which pay a fixed yield. They are a key source of financing for some fintech lenders, which have fewer funding options than banks.

13.02 / 19:01

COST Disney CEO Mobile Software Tapestry Stocks making the biggest moves midday: Sonos, Salesforce, Disney, Credit Suisse and more

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13.02 / 18:22

UPS Disney CEO Software Mattel Stocks making the biggest moves after hours: Disney, Mattel, Wynn Resorts, Affirm and more

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09.02 / 07:57

business Adoption Payments NASDAQ Federal Reserve Bitcoin Payments provider Affirm to sunset crypto program after 19% staff cut

Max Levchin, the CEO of buy-now-pay-later company Affirm, has confirmed that they will be shutting down their “Affirm Crypto Program” amid dampening consumer spending and a changing macroeconomic environment.

13.03 / 16:19

Blockchain Technology Ethereum Adoption What is Solana (SOL) Pay, and how does it work?

PayPal was a massive innovation in the payments processing industry. The financial brainchild of Peter Thiel, Max Levchin and eventually, Elon Musk aimed far ahead of its time, facilitating instant payments between customers, businesses and more while utilizing the internet.

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