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Confinity Inc. was an American software company based in Silicon Valley, best known as the creator of PayPal. It was founded in December 1998 by Max Levchin, Peter Thiel, and Luke Nosek, initially as a Palm Pilot payments and cryptography company. [1]
Confinity is a full-service software development company of engineers, designers, and developers. Mobile app development and custom software solutions in Putrajaya, Kuala Lumpur , Malaysia.
Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again.
Confinity, the company that would later launch the first version of PayPal, is founded by Max Levchin, Peter Thiel, Luke Nosek, Yu Pan, Ken Howery, and Russel Simmons. The company idea is due to Max Levchin, and Thiel is initially interested only in being an investor, but Levchin convinces Thiel to become CEO of the company.
Jan 18, 2022 · Learn about the history of PayPal, from its origins as Confinity in 1998 to its current status as a global leader in digital payments. Find out how PayPal evolved, innovated, and faced challenges over the years.
Oct 9, 2015 · Peter Thiel's startup was named Confinity, initially intended to create a way to send money between Palm Pilots. Both companies launched person-to-person payments toward the end of 1999; "PayPal...
Max Levchin and Peter Thiel co-founded Confinity and PayPal in 1998. Their original vision was to “create a new internet currency to replace traditional forms of money.” Levchin served as CTO and developed core PayPal fraud prevention technology, while Thiel was CEO.
