• Company Type For Profit

Confinity was a mobile payment security company that built the product known as PayPal and later merged with/was acquired by X.com, which was later renamed PayPal.

Confinity was founded in December 1998 by Max Levchin, Peter Thiel and Luke Nosek. 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. Confinity later merged with X.com, co-founded by Elon Musk, in March 2000 during the onset of the dot.com crash. The resulting business entity used the PayPal name going forward.

Lists Featuring This Company

University of Illinois Urbana-Champaign Alumni Founded Companies
2,076 Number of Organizations • $77.6B Total Funding Amount • 5,064 Number of Investors
Thiel Capital Alumni Founded Companies
18 Number of Organizations • $8.3B Total Funding Amount • 138 Number of Investors
StartX (Stanford-StartX Fund) Alumni Founded Companies
24 Number of Organizations • $5.8B Total Funding Amount • 186 Number of Investors
Social Capital Alumni Founded Companies
29 Number of Organizations • $8.7B Total Funding Amount • 175 Number of Investors
Confinity was acquired by PayPal on Mar 1, 2000.

Frequently Asked Questions

Where is Confinity's headquarters? Confinity is located in Southfield, Michigan, United States.Who are Confinity's competitors? Alternatives and possible competitors to Confinity may include PayDunyaGoPay, and Clearhaus Holding A/S.