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Affirm CEO Says He’s Not Worried About Apple’s Pay Later Rival

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WATCH: Affirm CEO & Co-Founder Max Levchin discusses the new competition coming from Apple’s new Buy Now Pay Later service.Source: Bloomberg

Affirm Holdings Inc. Chief Executive Officer Max Levchin said he’s not worried about Apple Inc.’s upcoming buy now, pay later service, because his company offers more extensive and longer-term plans.

“I don’t think there’s much concern,” Levchin said Tuesday in an interview on Bloomberg Television. “There’s a lot of room for growth for all involved.” Buy now, pay later is used for fewer than 5% of US transactions, he said.