LendUp Backed by 16z Now Has Instant Online Financial Loans

LendUp Backed by 16z Now Has Instant Online Financial Loans

Y Combinator-incubated LendUp launched in October with supporting from Kleiner Perkins, Andreessen Horowitz, Google projects, Kapor investment as well as others, to bring a fresh solution to an old issue: You have to pay the costs today, but you don’t have the money to pay all of them. As opposed to look to predatory lenders and financial institutions, the help of its large rates, take a loan from buddies or cover your eyes and hope each goes away, where do you turn?

It may seem like a situation that just befalls the chronically irresponsible, but in truth, 15 million People in america turned to payday loan providers to take a loan just last year.

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