In Conversation With Max Levchin

Max Levchin, CEO of Affirm, discusses the Buy Now Pay Later (BNPL) industry, highlighting its impact on consumers excluded from traditional credit systems. He addresses misconceptions about BNPL, emphasizing Affirm's commitment to transparency and no late fees. Levchin outlines the competitive advantages of Affirm, including its engineering focus and risk management. He explores the role of cryptocurrency in future payments and Affirm's competition with big banks. Opportunities for small businesses and the creator economy are also discussed, along with future innovations in finance.

What is the significance of the underwriting process in the Buy Now Pay Later (BNPL) industry?

How did Max Levchin's personal experience as an immigrant influence his views on credit and financial services?

In what ways do Millennials and Gen Z differ from previous generations regarding credit card usage?

What are some misconceptions consumers have about Buy Now Pay Later products?

How does a firm differentiate itself from traditional banks in terms of consumer experience?

What are the potential barriers to entry in the Buy Now Pay Later industry?

What strategies does a firm employ to manage risk in a changing economic environment?

What role do cryptocurrencies play in the future of payments according to Max Levchin?

How does a firm plan to engage with the creator economy?

What innovations does Max Levchin believe will change the future of finance?