Tech News: Affirm moves to Chicago

“Affirm, an online consumer-lending company founded by PayPal co-founder and University of Illinois graduate Max Levchin, has opened a Chicago office that will have more than 100 people by the end of the year.

The San Francisco-based company, which is a “unicorn” startup valued at more than $1 billion, says it already has hired 20 people. It plans to hire 100 more in jobs that include sales, support, product and engineering roles.

Affirm, like many Bay Area tech companies, is looking for talent in cities that are less expensive and less competitive than its home market. It joins Google, Glassdoor, Facebook, Salesforce, Uber and ServiceNow in building out teams here.

Levchin shopped Chicago for more than a year, wanting to make sure there was enough tech talent. A Ukrainian immigrant who grew up in Chicago, Levchin launched Affirm in 2012. The company has raised nearly $1 billion.” Read More

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