TLDR Tech / Fintech
Inside Max Levchin's slow-and-steady path to Affirm profitability
Affirm has achieved profitability after years of substantial investment and over $2 billion in cumulative losses, validating Max Levchin's long-term strategy of developing much of the company's technology and risk infrastructure internally. This approach reflects Levchin's past experience combating fraud at PayPal. The same operational discipline has been instrumental in transforming Affirm into a fintech company valued at approximately $25 billion.
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