LendUp Receives $50,000,000 New Funding

  • Feed Type
  • Date
    4/28/2014
  • Company Name
    LendUp
  • Mailing Address
    237 Kearny St. San Francisco, CA 94108 USA
  • Company Description
    The LendUp Ladder changes the dynamics of the small dollar loan: rather than being a dangerous first step into a cycle of debt, it becomes an opportunity to learn good financial behavior and to build credit through education, gamification and a transparent fee structure.
  • Website
    http://www.lendup.com
  • Transaction Type
    Debt
  • Transaction Amount
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company will use the capital to meet consumer demand. The debt allows the company to invest its equity financing on hiring, expanding to more states, and continuing to build the product.
  • M&A Terms
  • Venture Investor