A brand new Y Combinator-incubated startup is going into the scene that is fintech, looking to disrupt payday advances and customer finance. LendUp, is leveraging technology to redefine the payday financing experience, bringing a fresh amount of innovation and transparency to a business that desperately requires interruption. Additionally the San startup that is francisco-based establishing today with financing from an extraordinary 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, Data Collective, Garry Tan, Harj Taggar, Alexis Ohanian among others.
At a fundamental degree, LendUp is direct loan provider and it has developed a method to utilize small-dollar loans as a chance for customers to construct credit and go up the ladder that is financial.