Affirm’s Max Levchin: Why ‘Buy Now, Pay Later’ Beats Credit Cards

Max Levchin, co-founder of PayPal and founder of Affirm, explores the future of consumer credit. Levchin details his motivation for founding Affirm stemming from his own early struggles with credit, despite being wealthy after taking PayPal public. He emphasizes Affirm's commitment to transparent financial products, contrasting it with traditional credit cards that profit from revolving debt and late fees. A key element of Affirm's success is its AI-driven approach to credit scoring, which considers cash flow and individual financial circumstances beyond traditional credit scores. Levchin also touches on the evolving landscape of AI and its potential to revolutionize the shopping experience by providing personalized and transparent financing options.