Installment loan company LendUp, which targets consumers underserved by the credit system

Installment loan company LendUp, which targets consumers underserved by the credit system

Installment loan company LendUp, which targets consumers underserved by the credit system

Offers struck a milestone of $2 billion financed through the working platform. It’s delivered 6.5 million loans since its inception in 2012.

LendUp CEO Anu Shultes touts the platform’s ability to achieve a client base that typically can’t access signature loans from big financial institutions. The business confirmed its loan issuance milestone in belated January.

“Through our funding, training and expense cost cost cost savings programs, we’ve helped customers raise their credit pages by hundreds of thousands of points cumulatively and conserved them vast amounts of dollars in interest and charges from greater cost products and services, ” Shultes reported in a statement. Read more