Max Levchin, a PayPal founder, is launching a new mobile-payments startup called Affirm, according to reports.

Affirm works with another startup, Stripe, to process credit card payments, according to an article posted today at All Things D. Levchin was PayPal's chief technology officer from its 1998 founding to 2002, when the company was purchased by eBay.

Limited Time Offer

Save over $700 on your subscription. Special offer expires April 30, 2017.

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry