Levchin started Affirm in 2013 to give consumers without credit history or savings accounts access to small loans. The startup offers financing for online purchases, such as a couch or guitar, which is paid back in monthly installments. For Levchin, Affirm is something of a PayPal 2.0, using big data analytics and highly complex security systems to offer consumers an alternative to traditional banks.

https://finance.yahoo.com/news/max-levchins-affirm-raises-300-million-latest-funding-163950034--sector.html