Payments News


Max Levchin’s Affirm Seeks Capital Amid Surge in Fintech Funding

“Another consumer finance business is lining up investors for its largest cash infusion yet. Affirm , founded by PayPal’s Max Levchin, is said to be raising as much as $1.5 billion in a combination of debt and equity, according to people with knowledge of the company’s fundraising activities. Josh Kushner’s New York venture capital firm Thrive Capital is said to be leading the financing, with participation from the San Francisco outfit Spark Capital.”