Oct 2, 2017

10/02/2017: One startup’s alternative to credit card debt

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Almost 40 percent of American households have some kind of credit card debt. A startup called Affirm wants to provide an alternative. It partners with stores to offer loans for when you make a big purchase, like a mattress or a bike. Affirm was started by PayPal co-founder Max Levchin. Marketplace Tech host Molly Wood talks with him about the project and his own early borrowing mistakes. 

Segments From this episode

The Source Code: Max Levchin

Oct 2, 2017
An in-depth conversation with PayPal co-founder Max Levchin on American debt and his new startup, Affirm.
Co-founder and CEO of Affirm Max Levchin participates in a panel discussion at the New York Times 2015 DealBook Conference in New York City.
Neilson Barnard/Getty Images for New York Times

This startup wants to change how we borrow money

Oct 2, 2017
Affirm wants to be the alternative to all those credit cards in your wallet.
JAY DIRECTO/AFP/Getty Images

Almost 40 percent of American households have some kind of credit card debt. A startup called Affirm wants to provide an alternative. It partners with stores to offer loans for when you make a big purchase, like a mattress or a bike. Affirm was started by PayPal co-founder Max Levchin. Marketplace Tech host Molly Wood talks with him about the project and his own early borrowing mistakes. 

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