LendUp Passes $2 Billion in Loans

LendUp shared today that they had crossed $2 billion in consumer loans; since first beginning in 2012 they have provided over 6.5 million loans with an average loan value of around $300; Anu Shultes, CEO of LendUp stated, “Through our lending, education and savings programs, we’ve helped customers raise their credit profiles by hundreds of thousands of points cumulatively and saved them hundreds of millions of dollars in interest and fees from much higher cost products. While there’s much more for us to accomplish, this milestone is a real testament to the impact that financial service providers like LendUp can and should have on the market.” Fintech Finance

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