62
Growth Score
pts
Heat Score
2 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
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Confinity is a mobile payment security company offering PayPal, a solution that facilitates e-payments and money transfers.
- Ryan Ward: CEO
About the Company
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.
