Affirm Plans Consumer Card Launch and Accelerates AI Engineering Hiring
PYPL•Affirm CEO Max Levchin told an investor forum that the BNPL firm is expanding into a consumer card product and is intensifying its hiring of AI-focused engineers to accelerate product development. These moves could heighten competition for digital payment platforms like PayPal.
1. Investor Forum Update
Max Levchin, co-founder of PayPal and CEO of Affirm, presented at a recent investor forum detailing the company’s strategic evolution beyond buy now, pay later.
2. Consumer Card Product
Affirm is developing a consumer credit card offering that will extend its financing options beyond one-time installment loans and integrate with its existing ecosystem.
3. AI Engineering Focus
The company is intensifying its hiring of engineers with AI expertise and leveraging code-generation tools to accelerate product releases and maintain a competitive edge.
