Y Combinator-incubated LendUp launched in October with supporting from Kleiner Perkins, Andreessen Horowitz, Bing Ventures, Kapor Capital as well as others, to carry a solution that is fresh a classic issue: you must spend your bills now, but you don’t have the funds to pay for them. As opposed to turn to predatory loan providers and banking institutions, using their high interest levels, borrow cash from buddies or cover your eyes and hope they’re going away, what now??
It may look like a predicament that only befalls the chronically reckless, however in reality, 15 million People in america looked to payday lenders to borrow funds year that is last. As opposed to winding up saddled with long-lasting debt from concealed fees or wrestling with Draconian terms and high priced rollovers, LendUp would like to provide those interested in a fast fix up to a short-term monetary conundrum ways to borrow funds without concealed charges, high priced rollovers and high-interest prices. Continue reading “Looking to Disrupt Payday Lending, a16z-Backed LendUp Now Has Instant On The Web And Mobile Phone Loans”