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From the LendIt Fintech Vault: Max Levchin of Affirm on Fintech Partnerships to Improve Lives

From the LendIt Fintech Vault: Max Levchin of Affirm on Fintech Partnerships to Improve Lives

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FintechNews RoundupUSA
··1 min read

In his LendIt Fintech USA 2019 keynote, CEO and Co-founder of Affirm, Max Levchin, had some harsh words to say about the credit card industry; he compared credit cards to payday loans because in both instances borrowers are allowed to refinance their own debt in perpetuity; also,  their business model is based to some extent on deceiving the customer; this is why installment loans are a far better product because you know exactly how much you are paying with a fixed payment every month; Levchin also discussed Affirm’s groundbreaking partnership with Walmart and how both companies, while very different when it comes to scale, have a similar customer-centric approach; he appreciated Walmart no longer offers a deferred interest payment option, something that Levchin dislikes intensely. Register for USA 2020 Here

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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