The favored narrative about banks and FinTech startups is generally not a love story. Usually, it is more of an all-out war story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions...
With just a day left ‘til the fireworks officially start in celebration of the 4th of July here in the U.S., we thought we’d offer a preview. Amazon has redefined time, LendUp has a new Pal, Square wants its customers to get a little more credit. Lots of data, time to dive in.
Direct online lender LendUp, which provides personal loans to underserved banking customers, announced that it has raised strategic funding from PayPal and expanded its executive ranks. According to Tech Crunch, LendUp wants to expand their credit cards and other services for a demographic that most banks ignore, or...
According to the Pew Charitable Trusts, the group of workers whose incomes rise and fall by as much as 25 percent over the course of a year is mostly made up of hourly workers in retail and gig economy workers. But while they make up...
September 15, 2017
The favored narrative about banks and FinTech startups is generally not a love story. Usually, it is more of an all-out war story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions don’t necessarily have. Of course, banks have to be run […]
July 03, 2017
With just a day left ‘til the fireworks officially start in celebration of the 4th of July here in the U.S., we thought we’d offer a preview. Amazon has redefined time, LendUp has a new Pal, Square wants...
June 06, 2017
According to the Pew Charitable Trusts, the group of workers whose incomes rise and fall by as much as 25 percent over the course of a year is mostly made...
April 04, 2017
For a lot of Americans, mainstream financial services represent a menu full of goods that aren’t desirable, aren’t affordable or just aren’t applicable. And this isn’t through any fault of...
January 10, 2019
LendUp has announced it is scaling its credit card business as a stand-alone company, Mission Lane. The move was made possible through investment from LL Funds and Invus Opportunities, as well as participation by QED Investors. Vijesh Iyer, previously LendUp’s COO, has been named interim CEO of Mission Lane while the company searches for a […]
June 29, 2017
Direct online lender LendUp, which provides personal loans to underserved banking customers, announced that it has raised strategic funding from PayPal and expanded its executive ranks. According to Tech Crunch, LendUp wants to...
March 03, 2017
LendUp, a socially responsible lender for the emerging middle class, announced Thursday (March 2) that it has closed another $100 million credit facility with investment firm Victory Park Capital (VPC)....
September 28, 2016
The Consumer Financial Protection Bureau said on Tuesday (Sept. 27) that it has taken action against an online lender, LendUp, with fines levied of $1.8 million and an additional civil...
