Sean O'Neill, Skift
With this investment, PayPal co-founder Max Levchin has raised $800 million to grow Affirm, which lets consumers pre-qualify for loans to buy flights, hotels, rental cars, seat upgrades, and non-travel products. Who said payments aren't sexy?
5 months ago
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.
7 months ago
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.
2 years ago
Sean O'Neill, Skift
In the past nine months, a group of relatively low-profile startups began signing up brands like Expedia and United Vacations to the concept of layaway plans for buying travel.
2 years ago