a16z podcast: Affirm's Max Levchin on 25 years of fintech and why agentic payments beat agentic shopping

a16z Podcast · rss · 2026-09-03

a16z's Erik Torenberg hosts Affirm co-founder Max Levchin and GP Alex Rampell on 25 years of fintech: why the card interface resists disruption, how Affirm emerged from 'pay with your identity' and the pajama problem to installment financing that boosted merchant conversion, real vs fake 0% financing, negative CAC as a moat, and why Levchin is more bullish on agentic payments than on agents choosing what people buy.

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