Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.
This article first appeared on JewishBusinessNews
PayPal co-founder Max Levchin netted a reported $34 million when his brainchild was sold to eBay in 2002 for $1.5 billion. Ever since that day, the sometimes weird whiz kid Levchin, now 39, has been trying to do it again.
Now he told the San Jose Mercury News that he did.
Actually, he has been into another impressive project since PaPal, helping to start Yelp, the gripe and review site which is worth about $5.4 billion, and then there was Slide, a social gaming site that Google bought in 2010 for an estimated $200 million.
Now Levchin has launched Affirm, an online lending platform that offers personalized financing for. He announced last June that Affirm had raised $45 million in its first venture capital funding round. And people are paying attention, expecting Affirm to reach a PayPal kind of success.
Like PayPal, Affirm uses the Internet to move money around, in a secure fashion, which has the potential of peeling off yet another traditional bastion of global financial institutions, offering consumers buying power they never had before.
“I’m not trying to correct the wrongs of the past,” Levchin told the San Jose Mercury News. “But the underlying structure of the finance industry is still decrepit.”
Affirm offers consumers, especially young people, who don’t yet have cash or credit to their names, the financing they need to make big purchases, with delayed payments and monthly payment plans, helping them stay away from the scourge of credit card debt.
Scott Banister, an investor and former business partner of Levchin’s, described Affirm as “Max getting back into financial services with everything he learned from PayPal. You will definitely see big things.”
Levchin grew up in Kiev, Ukraine, in a Jewish family that fled rising anti-Semitism for Chicago, where they arrived when Max was 16.
About the Author: Tibbi Singer is a veteran contributor to publications such as Israel Shelanu and the US supplement of Yedioth, and Jewish Business News.
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
At best, the Hareidim have been eating “Heter Mechira”. At worse, they’ve been eating vegetables grown in sewer water or pesticides from unknown and unsupervised Arabs fields.
Israelis protest at Jerusalem’s Ammunition Hill train platform where an Arab terrorist ran over a group of commuters, killing a 3 month old baby. They are carrying signs, “Death to Terrorists”.
The U.S. Embassy in Tel Aviv has prohibited its personnel from riding the Jerusalem light rail train from French Hill to Pisgat Ze’ev, in northern Jerusalem, for 30 days because of the terrorist attack this week that killed a three-year-old American-Israeli. It was a typical U.S. Embassy reaction – every time there is a serious […]
Officials preach calm but are frantically trying tracing every step the doctor took in the city.
Former Presidential candidate Gov. Mitt Romney and former Vice Presidential candidate Sen. Joe Lieberman will address the inaugural Israeli American Council (IAC) National Conference in Washington next month. The IAC’s stated mission is “to build an active and giving Israeli-American community throughout the United States in order to strengthen the State of Israel.” The number […]
Dozens of Arab rioters attacked Jewish owned buildings in Jerusalem’s Old City.
J Street U blames Jews buying homes in Jerusalem for triggering Hamas terrorist’s murderous rampage.
Boko Haram kidnapped an additional 20 Nigerian girls.
A healthcare worker has returned to the US from West Africa suffering with symptoms resulting in testing for the Ebola virus at NYC’s Bellevue Hospital.
Despite PM Netanyahu’s vow to “assert sovereignty” over all parts of Jerusalem, Arabs continue to carry out potentially lethal rock attacks.
Israel’s prime minister and the mayor of Jerusalem met today with security brass over the terror attack that wounded 8 and killed a 3-month-old baby.
For the first time since the 1979 Islamic Revolution, Boeing Aerospace and Defense has made a sale to Iran.
A study concluded that delaying nonmedical circumcision results in greater risk for the child, and a more costly procedure. Muslims try to circumcise children before 13 years old.
Jewish schoolgirls were traumatized by official UK school inspectors who asked very inappropriate sex-related questions which you don’t ask 9 year old religious girls.
Jeffrtey Goldberg noted that “Rabbi Steinlauf has just discovered the most dramatic possible way to break the Yom Kippur fast.”
The uncovered manifesto is said to offer Putin use of ISIS occupied gas fields in return for “Iran and its nuclear program.” . Slow news day at the Sunday Times.
Israel’s Haredi newspapers are calling it “The pig restaurant” scandal, even though Bibi had the veal chops.
Prime Minister Benjamin Netanyahu headed for a much deserved lunch in Midtown Manhattan with Sheldon Adelson, at Fresco by Scotto, accompanied by 30 security guards. Bibi had the veal chop.
Printed from: http://www.jewishpress.com/news/breaking-news/max-levchin-looking-to-repeat-paypal-success-with-affirm/2014/08/17/
Scan this QR code to visit this page online: