InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

LendUp closed USD 100 million Credit Facility with VPC

lendup_closed_usd_100_million_credit_facility_with_vpc - Insights Success

LendUp, a socially responsible lender for the emerging middle class, has closed USD 100 million credit facility with an investment firm (VPC) Victory Park Capital.
LendUp said that the credit facility will fund the future loan growth. The new credit brings LendUp’s total debt financing and equity to USD 325 million. It also announced that it has surpassed USD 1 billion in loan originations and originated more than 3.3 million loans since its inception in 2012.
“This is an important milestone for LendUp because it proves the viability and sustainability of the market opportunity for socially responsible lending,” Sasha Orloff, CEO and Co-founder, LendUp in a press release.
“I’m proud that our business growth and customer loyalty, combined with the continued confidence of our investors, proves that we’re well-positioned to help borrowers improve their financial health and lead better lives. We look forward to continuing to build upon our success,” he added.
The firm offers technology-enabled credit cards and loans that are backed by the financial education and an aim of improving the credit.
LendUp has saved borrowers more than USD 55 million in interest and fees in 2016, compared to USD 16 million in 2015. Moreover, LendUp’s free credit education videos have been viewed more than 1.2 million times.
According to LendUp’s own research, 70 percent of customers’ monthly income fluctuates, while one-third reported income variations of more than USD 200 per month.

Previous Post

American Airlines Breaks Another Heathrow Cargo Record

Next Post

NBCUniversal invests USD 500 million in Snap IPO

Next Post
nbcuniversal_invests_usd_500_million_in_snap_ipo - Insights Success

NBCUniversal invests USD 500 million in Snap IPO

// < ?php // if ( post_password_required() ) // return; // $comment_load = get_theme_mod('jnews_comment_load', 'normal'); // $comment_type = apply_filters('jeg_comment_type', get_theme_mod('jnews_comment_type', 'wordpress')); // $is_normal_load = true; // if($comment_type === 'wordpress') // { // $is_normal_load = true; // } else { // $is_normal_load = ( $comment_load === 'normal' ); // } // if($is_normal_load) // { // get_template_part('fragment/comments'); // } else { // get_template_part('fragment/comments', 'button'); // }

Recent News

Asian-Equities
Recent News

Asian Equities Struggle Following Crippling China Statistics

Asian stock markets struggled to maintain even a sliver of a rebound on Monday, as China's shockingly dismal figures showed...

Read more
Elon-Musk

Elon Musk’s Legal Issues Are Causing Tesla and Twitter Stock to Fall

Google-logo

300 European Publishers Sign Content Deals with Google

A-apple-smartphone

Under a New Digital Watchdog, the UK Is Pushing for Stricter Tech Regulations

The US Stock Market Drops to Its Lowest Level Since November 2020

The US Stock Market Drops to Its Lowest Level Since November 2020

Path Breakers

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary Olson | CEO | GHO Group LLC

GHO Group LLC: Bringing Vision to Reality

Josh Usheroff | Co-Founder | Black Box Productions

Black Box Productions: Crafting Visually Engaging Stories

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.