Y Combinator-incubated LendUp launched in October with supporting from Kleiner Perkins, Andreessen Horowitz, Bing Ventures, Kapor Capital as well as others, to carry a solution that is fresh a vintage issue: you need to pay your bills now, but you don’t have the cash to pay for them. As opposed to move to predatory loan providers and banks, making use of their high interest levels, borrow cash from buddies or protect your eyes and hope they’re going away, what now??
It might appear like a situation that only befalls the chronically irresponsible, however in reality, 15 million Us citizens looked to payday loan providers to borrow cash year that is last. Continue reading