| Website | confinity.com |
| Category | eCommerce |
| Employees | |
| Founded | 12/98 |
| Description | mobile payment security |
Confinity was a mobile payment security company that evolved into PayPal after the merger with X.com.
Confinity was founded in December 1998 by Max Levchin, Peter Thiel. The company developed a product called Fieldlink as a Palm Pilot payments system. Early investors included Nokia Ventures, Deutsche Bank, and Bell Melton, the founder of CyberCash.
Confinity abandoned Fieldlink and launched its milestone product PayPal in late 1999 when David Sacks was hired as VP of Strategy. Confirnity later merged with X.com, co-founded by Elon Musk, in March 2000 during the onset of the dot.com crash. Creating a new business entity called PayPal.
