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E-retailers using alternative financing service Affirm raise order values

Max Levchin, a co-founder of PayPal—now owned by eBay Inc.—started financing service Affirm in 2012 to make credit accessible to online shoppers who might not otherwise qualify. “We started Affirm on the belief that the current FICO-based credit rating system was not working for many consumers,” he says. “It’s now clear that online shoppers and […]

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