The company was merged with Confinity
in 2000, which owned a money transfer service called PayPal, commonly known for its online transfers.
com, a financial services and email-payment firm that merged with a startup called Confinity
the following year.
In the spring of 2000, at age 29, he merged the company with a competitor called Confinity, which offered a similar service known as PayPal.
Confinity CEO Peter Thiel stepped aside and let Musk steer the company, and by some accounts he did an admirable job of blending the two operations.
com, an on-line financial and payment company which he merged a year later with a similar firm, Confinity
com merged with Confinity
, a company with a product called PayPal, which was being used to transfer money between email accounts.
and abroad with Pacific Bell Internet and Information Services groups, Compaq, Confinity
, CustomTracks, and Cox Interactive Media.
To officially launch Confinity
and preview the PayPal service, a representative of Nokia Ventures demonstrated the product by using his handheld organizer to "beam" $3 million to Confinity
CEO Peter Thiel.