Overview

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Status
Acquired by on March 1, 2000
Headquarters:
Southfield, Michigan
Description:
Confinity is a mobile payment security company offering PayPal, a solution that facilitates e-payments and money transfers.
Founders:
, ,
Categories:
E-Commerce, Payments
Website:
http://www.confinity.com

Company Details

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Founded:
December 1, 1998
Employees:
1 - 10 | None found in Crunchbase

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.

Offices/Locations (1)

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  • Headquarters

    28588 Northwestern Hwy #380,

    Southfield, Michigan 48034

    United States

Past Team (4)

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