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Confinity Inc. was an e-commerce company, with headquarters in Palo Alto, California. Its office was at 165 University Avenue in Palo Alto, where Google and Logitech also started out*. Confinity was founded in December of 1998 by Peter Thiel and Max Levchin, initially as a PalmPilot payments and cryptography company*. Many of Confinity's initial recruits were alumni of The Stanford Review, also cofounded by Peter Thiel, and most early engineers hailed from the University of Illinois at Urbana-Champaign, recruited by Max Levchin. Confinity at its early stage received funding from Nokia, Deutsche Bank, and Bell Melton*.
Confinity launched its milestone product, PayPal in late 1999*. Confinity merged with X.com, founded by Elon Musk, in March 2000*. The merged company became known as PayPal.
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