LendUp builds technology to expand access and choice among the customers banks and credit unions decline.
Their first product is a socially responsible alternative to payday loans called The LendUp Ladder (TM). The LendUp Ladder(TM) 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. LendUp is located in downtown San Francisco and is backed by prominent Silicon Valley investors such as Y-Combinator, Google Ventures, Kleiner Perkins, Andreessen Horowitz Seed Fund, Startfund, Data Collective, Kapor Capital, Eagle Cliff Partners, Susa Ventures, SVAngel, Thomvest Ventures, Founders Coop, AFSquare, among other highly regarded angel investors and entrepreneurs.
Learn more at lendup.com/ladder.
Current Team (6)Update
Funding Rounds (4) - $64MUpdate
Alternative asset management firm
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San Francisco, CA