Personal Account

LendUp

Company website
Foundation year

2011

About

LendUp - Provides a digital banking and financial services platform for consumers. The main idea is simpler, but personalized tools for lending and banking.
LendUp's main product is an online lending tool. Its special feature is the ability to select the exact amount, for example, for a specific purchase or payment. LendUp's target audience is the growing middle class, not only in the US, but also in other countries. The company's tools are aimed at creating concern for financial health and increasing control over spending money.
LendUp stopped issuing loans at the end of 2021 to settle a lawsuit from the US Consumer Financial Protection Bureau (CFPB). The LendUp website is not working - access to lending tools has been suspended.
 
 

Investors

Andreessen Horowitz

Lyft, Robinhood, Airbnb, Instacart, Magic Leap, Databricks, Stripe, Rappi, Pinterest, Slack

Data Collective

Databricks, Zymergen, Plenty, SentinelOne, Planet, Illumio, Checkr, Tala, Qumulo, Rocket Lab

GV

Uber, Robinhood, Jet, Impossible Foods, Slack, DocuSign, Cloudera, 23andMe, Recorded Future, Carbon

Kleiner Perkins Caufield & Byers

Snap, AppDynamics, Spotify, Instacart, Magic Leap, DoorDash, Stripe, Epic Games, Bloom Energy, Slack

Paypal

Acorns, LendUp, Gojek

QED Investors

SoFi, Avant, Nubank, Remitly, MediaMath, GreenSky, Prosper Marketplace, Optoro, Flywire, LendUp

Susa Ventures

Flexport, LendUp, Andela, Policygenius

SV Angel

Snap, Instacart, DoorDash, Stripe, Pinterest, Opendoor, Slack, Jawbone, Cloudera, Coinbase

Thomvest Ventures

Kabbage, Figure, Tala, LendUp, Ecobee, Cylance, Clari, Skyhigh Networks, NetBase Solutions, dataxu

Y Combinator

Airbnb, Instacart, DoorDash, Stripe, Rappi, Flexport, Ginkgo Bioworks, Coinbase, Convoy, Machine Zone

Other companies


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