Confinity Inc. was an American software company based in Silicon Valley, best known as the creator of PayPal. It was founded in December 1998 by Max Levchin, Peter Thiel, Luke Nosek, Ken Howery, and Yu Pan initially as a PalmPilot payments and cryptography company before pivoting to an email-based payments product. The company was launched in 1998 as Fieldlink and later renamed Confinity. Many of Confinity's initial recruits were alumni of The Stanford Review, also co-founded by Thiel, and most early engineers hailed from the University of Illinois at Urbana-Champaign, recruited by Levchin. Early investors included Nokia Ventures, Deutsche Bank, and William N. Melton, the founder of CyberCash. More information...
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