Friday 21 November 2014 | RSS

 
Feedback
 
 

 

News in brief

Affirm updates credit scoring

News in brief

PayPal co-founder Max Levchin has raised US$45m for Affirm, a startup that lets retailers offer a credit option to online shoppers. The company “calculates the risk of borrowers based on a range of personal data including information gleaned from social media profiles as well as the cost of the items being purchased,” the Wall Street Journal reports. “It then determines what rate and structured payment makes sense to offer the customer.”

Filed by Email Sarah Clark nfcworld.com Published • Last updated 10 June 2014, 15:07

More headlines...