Affirm in 1 minute PayPal co-founder Max Levchin is back. Affirm, the “buy now, pay later” solution led by Levchin is slated to list on the Nasdaq before the year is out. The wisdom of the company’s mooted $10 billion valuation may depend on the perspective of the investor in question. Is Affirm a lender, selling a commoditized product? Or is it a payments network, capitalizing on changing consumer preferences to steal share from big banks? For Levchin, Affirm’s disruption of traditional finance is not just a commercial opportunity but a moral imperative.