Articles tagged “Affirm”

Uplift Raises $123 Million to Broaden Its Travel Loan Services

Uplift Raises $123 Million to Broaden Its Travel Loan Services

Sean O'Neill, Skift

The old idea of payments in monthly installments is seeing new life in the U.S. online travel sector. Uplift is one of the leading tech vendors powering loans to travelers for buying from airlines such as Spirit and search sites like Kayak. Expect a lot of marketing around this in 2019.

2 months ago

Max Levchin’s Affirm Brings Installment Payments to Travel

Max Levchin’s Affirm Brings Installment Payments to Travel

Julie Verhage, Bloomberg

PayPal co-founder Max Levchin said his new startup Affirm is piloting a new product where consumers can pre-qualify for a 20-day period with a specific merchant to add on items as they build out their trip, such as flights, hotels, rental cars, seat upgrades. The new effort will bring stiff competition to other startups like Uplift, Airfordable, and AirWallex.

4 months ago

Skift Tech Forum Preview: Affirm’s CEO on Travel Industry’s Oncoming Payments Revolution

Skift Tech Forum Preview: Affirm’s CEO on Travel Industry’s Oncoming Payments Revolution

Dan Peltier, Skift

High upfront costs remain a barrier to many travelers who can't make a large purchase all at once. Affirm is trying to remove that obstacle and other travel brands are warming up to the monthly payments model in the process.

10 months ago

Travel Companies Start Lending Consumers Money to Book Trips

Travel Companies Start Lending Consumers Money to Book Trips

Sean O'Neill, Skift

Companies ought to carry out adequate checks on the ability of borrowers to repay travel loans on time. Otherwise, a surprise disruption such as an Icelandic volcano or an economic downturn could prompt defaults.

1 year ago