Seeking to Disrupt Payday Lending, a16z-Backed LendUp Now Has Instant On The Net And Cell Phone Loans

Seeking to Disrupt Payday Lending, a16z-Backed LendUp Now Has Instant On The Net And Cell Phone Loans

Y Combinator-incubated LendUp launched in October with supporting from Kleiner Perkins, Andreessen Horowitz, Bing Ventures, Kapor Capital among others, to generate a fresh methods to fix a vintage problem: you’ll want to spend your bills now, nevertheless you would not have the funds to pay for them. As opposed to aim to predatory lenders and finance institutions, in terms of high interest levels, borrow money from buddies or protect your eyes and hope they’re going away, exactly exactly exactly what now ??

It may look like a predicament that only befalls the chronically careless, in truth, 15 million

Us americans checked to pay day loan providers to borrow money 12 months that is final. Instead of finding yourself saddled with long-term financial obligation from hidden fees or wrestling with Draconian terms and high priced rollovers, LendUp wants to provide those thinking about a fix that is fast a short-term financial conundrum a strategy to borrow cash without hidden costs, costly rollovers and high-interest costs. Continue reading “Seeking to Disrupt Payday Lending, a16z-Backed LendUp Now Has Instant On The Net And Cell Phone Loans”