CONFINITY

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](/person/max-levchin), [Peter Thiel](/person/peter-thiel) and [Luke Nosek](/person/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](/person/david-sacks) was hired as VP of Strategy. Confinity later merged with X.com, co-founded by [Elon Musk](/person/elon-musk), in March 2000 during the onset of the dot.com crash. The resulting business entity used the [PayPal](/organization/paypal) name going forward.

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CONFINITY

Industry:

E-Commerce Payments

Founded:

1998-12-01

Address:

Southfield, Michigan, United States

Country:

United States

Website Url:

http://www.confinity.com

Total Employee:

Status:

Active

Technology used in webpage:

Amazon GoDaddy DNS AWS Global Accelerator GoDaddy Email

Similar Organizations

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Founder

luke-nosek_image

Luke Nosek

max-levchin_image

Max Levchin

peter-thiel_image

Peter Thiel

Official Site Inspections

http://www.confinity.com

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