"Affirm is an attempt to really clean up the image that consumer credit and banks and credit card companies that issue it have acquired over the years, especially with the millennial demographic," he said. "They're not trusted. They're not liked. They're considered out there to get you."
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Touting the benefit of building credit, Levchin said that he was looking at a new approach.
"The world needs a transparent new kind of a bank that creates consumer credit products that people love and can relate to," he said. "That's what we're doing at Affirm, starting with a point-of-sale financing, but ultimately going after a complete redefinition of what it means to be a consumer bank."
Glow, Levchin said, is "a big data company" that deals with infertility and women's reproductive health.
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The company's mobile app helps "to significantly improve chances for conception for women that are suffering from infertility," he said, noting that it has resulted in almost 30,000 pregnancies so far.
"It's an incredible mission, and we've just raised a massive round of financing to expand it into things like pregnancy monitoring, post-natal, prenatal. It'll be an amazing company," Levchin said. "It will ultimately change, I think, the entire landscape of health insurance."