LendUp Raises Cash From Kleiner Perkins, Andreessen Horowitz, Bing Ventures As Well As Others To Disrupt Pay Day Loans

LendUp Raises Cash From Kleiner Perkins, Andreessen Horowitz, Bing Ventures As Well As Others To Disrupt Pay Day Loans

LendUp Raises Cash From Kleiner Perkins, Andreessen Horowitz, Bing Ventures As Well As Others To Disrupt Pay Day Loans

An innovative new Y Combinator-incubated startup is going into the fintech scene today, looking to disrupt payday advances and customer finance. LendUp, is leveraging technology to redefine the payday financing experience, bringing a unique amount of innovation and transparency to a business that desperately requires interruption. As well as the San Francisco-based startup is starting today with capital from a remarkable set of VC organizations and angels including Y Combinator, Kleiner Perkins, Yuri Milner’s Startfund, Andreessen Horowitz, Bing Ventures, Thomvest Ventures, Kapor Capital, Bronze Investments, Founders CoOp, information Collective, Garry Tan, Harj Taggar, Alexis Ohanian yet others.

At a simple degree, LendUp is direct loan provider and has now developed a method to utilize small-dollar loans as a chance for customers to create credit and go within the ladder that is financial. Customers that have bad or no credit can use for and get small-dollar, short-term loans (up to $250 for approximately thirty days). Read more about LendUp Raises Cash From Kleiner Perkins, Andreessen Horowitz, Bing Ventures As Well As Others To Disrupt Pay Day Loans